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363 East Wacker Drive

Magellan Development Group Sells Condo At 363 East Wacker Drive In Chicago For $20.6M
SOLDCondo

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

Leila Zammatta

Broker

$43.5M

vol

5 deals

Broker
MG
Magellan Development GroupBrokerage
MG
Magellan Development GroupSeller

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