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2310 West Ainslie Street

Nick Yassan Acquires Church In Chicago For $1.525M With Broker Michael Anguiano
SOLDChurch

Nick Yassan Acquires Church In Chicago For $1.525M With Broker Michael Anguiano

2310 West Ainslie Street

$1,525,000

$113/SF

Building Size

13,500 SF

Asset Type

Church

Closing

Apr 12, 2024

AI

The property at 2310 West Ainslie Street, located in Chicago, was sold in a transaction involving a Church asset. The seller of the property was The Archdiocese of Chicago, and the buyer was Nick Yassan. The deal was facilitated by Michael Anguiano from Essex Realty Group. The sale price for the 13,500 square foot property was $1,525,000, translating to a price per square foot of $113.

Summary of transaction details:

  • Property Type: Church
  • Transaction Amount: $1,525,000
  • Buyer: Nick Yassan
  • Seller: The Archdiocese of Chicago
  • Broker: Michael Anguiano - Essex Realty Group
  • Address: 2310 West Ainslie Street
  • Market: Chicago
  • Square Footage: 13,500

Michael Anguiano from Essex Realty Group represented the seller, The Archdiocese of Chicago, in the transaction. Nick Yassan was the buyer who acquired the Church asset at 2310 West Ainslie Street in Chicago. This successful deal highlights the collaboration between the involved parties to facilitate the transfer of ownership of this unique property.

Players

Michael Anguiano

Nara Realty Advisors

Broker

$64.1M

vol

11 deals

Broker

Chicago Church Market Snapshot

Boundary boundary · Church · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.40%

Cash-on-Cash

-2.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93