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1237 West Division Street, ...

Logistics Property Acquires Development Site On W Division St In Chicago For $55M
SOLDDevelopment Site

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

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.

Players

James Martell

Logistics Property Co.

Buyer

$121M

vol

2 deals

Buyer

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