Magellan Development Group Sells Condo At 363 East Wacker Drive In Chicago For $20.6M
SOLD
$20,600,000
Illinois
See Similar DealsCondo10 SF
SOLD
Magellan Development Group Sells Condo At 363 East Wacker Drive In Chicago For $20.6M
363 East Wacker Drive
See Similar DealsCondo10 SF
Summary
ILLINOIS
Asset Type:Condo
Price Per Square Foot:$2,060,000
Total Square Footage:10 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,098,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$73,187.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$97,654.51
Annual Debt Service$1,171,854.12
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