BBB Skokie LLC Acquires Development Site In North Chicago For $1.4M
SOLD
Illinois
See Similar DealsDevelopment Site130,680 SF
Sold 12/29/2021
SOLD
BBB Skokie LLC Acquires Development Site In North Chicago For $1.4M
3120 Skokie Hwy, North Chicago, IL 60064
See Similar DealsDevelopment Site130,680 SF
Sold 12/29/2021
Summary
ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$10
Total Square Footage:130,680 SF
Transaction Type:Sale
A development site located at 3120 Skokie Highway in North Chicago has been sold for $1,400,000. The property has a building square footage (BSF) of 130,680, resulting in a price per building square footage (PPBSF) of $11. The sale transaction took place on 12/29/2021.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,400,000
- Address: 3120 Skokie Highway
- Market: North Chicago
- Buyer: BBB Skokie LLC
- Seller: Spiros Pshios
- Buyer's Representative: Jacob Dell - CBRE
- Seller's Representative: James Hodur & Benjamin Miotti - Coldwell Banker Commercial NRT
The buyer, BBB Skokie LLC, was represented by Jacob Dell from CBRE, while James Hodur and Benjamin Miotti from Coldwell Banker Commercial NRT acted as representatives for the seller, Spiros Pshios.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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