BBB Skokie LLC Acquires Development Site In North Chicago For $1.4M
3120 Skokie Hwy, North Chicago, IL 60064
$1,400,000
$10/SF
Building Size
130,680 SF
Asset Type
Development Site
Closing
Dec 29, 2021
AI
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.
Players
Waukegan 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93