Updated Oct 28, 2024
Trammell Crow Acquires Development Site In Chicago For $77M
1112 West Carroll Avenue, Chicago, Illinois 60612, United States
$77,000,000
Building Size
—
Asset Type
Development Site
Closing
Aug 14, 2022
About this deal
AI
A development site located at 1112 West Carroll & 315 North May Street in Chicago has been sold for a total of $77,000,000. The transaction took place on 08/15/2022.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $77,000,000
- Buyer: Trammell Crow - Mike Lafitte
Trammell Crow, represented by Mike Lafitte, purchased the development site in Chicago. The property is located at 1112 West Carroll & 315 North May Street. The sale price for the transaction was $77,000,000.
The development site sale at 1112 West Carroll Avenue, Chicago, Illinois 60612, United States in Chicago, Illinois sold for $77M in 2022. 1112 West Carroll Avenue, Chicago, Illinois 60612, United States is classified as Development Site on Traded. Named participants on the 1112 West Carroll Avenue, Chicago, Illinois 60612, United States sale are Mike Lafitte. This page is the Chicago, Illinois file for the 1112 West Carroll Avenue, Chicago, Illinois 60612, United States development site sold: pricing, party profiles, and other closed development site comps from the same Chicago sit in the Market section below. Filter that Chicago development site set by closing date to see what else sold near 1112 West Carroll Avenue, Chicago, Illinois 60612, United States around 2022. Published consideration for 1112 West Carroll Avenue, Chicago, Illinois 60612, United States is $77M, dated 2022. Cite this Trammell Crow Acquires Development Site In Chicago For $77M sale when underwriting similar development site product around Chicago, Illinois.
On the Map
$77,000,000
Development Site
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Chicago Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93