Mary Mac Diarmid & Thomas Moran Acquire Development Site In Chicago For $2.6M
SOLD
$2,600,000
Illinois
See Similar DealsDevelopment Site6,000 SF
Sold 05/19/2020
SOLD
Mary Mac Diarmid & Thomas Moran Acquire Development Site In Chicago For $2.6M
1718 North Dayton Street, Chicago, IL 60614
See Similar DealsDevelopment Site6,000 SF
Sold 05/19/2020
Summary
ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$433
Total Square Footage:6,000 SF
Transaction Type:Sale
The development site located at 1718 N Dayton St in Chicago has been sold for a price of $2,600,000. The property consists of a development site with a building size of 6,000 BSF. The market value of the asset is $433 per PPBSF.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,600,000
- Address: 1718 N Dayton St
- Market: Chicago
- Building Size: 6,000 BSF
- Price per BSF: $433
The sale was handled by Mary Mac Diarmid and Thomas Moran of Properties. They represented the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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