Updated Oct 28, 2024
Logistics Property Acquires Development Site On W Division St In Chicago For $55M
1237 West Division Street, Chicago, Illinois 60651, United States
$55,000,000
Building Size
—
Asset Type
Development Site
Closing
May 18, 2022
About this deal
AI
A development site located at 1237 W Division St in Chicago, IL has been sold for $55,000,000. The property is under the ownership of Logistics Property, with James Martell and Aaron Martell representing the buyer in this transaction. The sale took place on May 19, 2022, and the image of the property was shared by James Martell on Instagram.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $55,000,000
- Address: 1237 W Division St, Chicago, IL
- Market: Chicago, IL
This sale involved Logistics Property, with both James Martell and Aaron Martell acting as representatives of the buyer. The property's image was shared on Instagram by James Martell. The sale price of $55,000,000 indicates the significant value of this development site located at 1237 W Division St in Chicago, IL.
On the Map
$55,000,000
Development Site
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Players
Chicago Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93