Magellan Development Group Sells Condo At 363 East Wacker Drive In Chicago For $20.6M
363 East Wacker Drive
$20,600,000
$2,060,000/SF
Building Size
10 SF
Asset Type
Condo
Closing
Apr 17, 2023
AI
The property involved in this closed transaction is a condo located at 363 East Wacker Drive in Chicago. The seller of the condo was Magellan Development Group, and the transaction was facilitated by their representative, Leila Zammatta from Magellan Realty LLC. The buyer was represented by Rachel Vecchio from Dream Town Realty.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $20,600,000
- SF: 10,000
- Price per Square Foot: $2,060
The property spans across 10,000 square feet and was sold at a price of $20,600,000, resulting in a price per square foot of $2,060. Leila Zammatta from Magellan Realty LLC represented the seller, Magellan Development Group, while Rachel Vecchio from Dream Town Realty represented the buyer in this transaction.
Players
Chicago Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93