SOLD
Bally's Corporation Acquires 30 Acres Of Land In Chicago For $200M
560 West Grand Avenue, Chicago, Illinois 60642, United States
$200,000,000
Building Size
—
Asset Type
—
Closing
Nov 21, 2022
AI
The property involved in this transaction is a land located at 560 W Grand Ave in Chicago. The land spans approximately 30 acres and was sold on 11/21/2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $200,000,000
- Buyer: Bally's Corporation - Soo Kim & Bobby Lavan
Soo Kim and Bobby Lavan, representing Bally's Corporation, were the buyers in this transaction. The sale price of the land was $200,000,000.
Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93