Archdiocese Of Chicago Sells Chicago Special Purpose Property For $2.95M
6326 North Washtenaw Avenue, Chicago, Illinois 60659, United States
$2,950,000
$70/SF
Building Size
42,000 SF
Asset Type
—
Closing
Feb 21, 2022
AI
The special purpose property located at 6326 N Washtenaw Ave in Chicago has been sold in a closed transaction. The seller of the property was the Archdiocese of Chicago. The sale was facilitated by the brokers Ari Topper, Tyler Dechter, and Owen Wiesner from Baum Realty Group. The transaction took place on February 22, 2022.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $2,950,000
- Address: 6326 N Washtenaw Ave, Chicago
- Market: Chicago
- Size: 42,000 square feet
- Price per square foot: $70
Owen Wiesner, Ari Topper, and Tyler Dechter from Baum Realty Group served as the representatives for the seller, the Archdiocese of Chicago. They played an integral role in facilitating the successful sale of this special purpose property in Chicago.
Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93