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Coldwell Banker Commercial NRT Sells Development Site In North Chicago For $1.2M

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SOLD
$1,200,000

Illinois

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Development Site154,638 SF
Sold 02/03/2022
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SOLD

Coldwell Banker Commercial NRT Sells Development Site In North Chicago For $1.2M

3150 N Skokie Hwy, North Chicago, IL 60044

See Similar Deals
Development Site154,638 SF
Sold 02/03/2022
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Summary

ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$7
Total Square Footage:154,638 SF
Transaction Type:Sale

An unnamed development site located at 3150 N Skokie Highway in North Chicago has been sold for $1,200,000. The transaction took place on 02/03/2022 and was facilitated by the buyer's representative, Jacob Dell from CBRE, and the seller's representatives, James Hodur and Ben Miotti from Coldwell Banker Commercial NRT. The property spans approximately 154,638 square feet and has a price per square foot of $8.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,200,000
  • Address: 3150 N Skokie Highway, North Chicago
  • Market: North Chicago
  • Buyer's Representative: Jacob Dell - CBRE
  • Seller's Representatives: James Hodur & Ben Miotti - Coldwell Banker Commercial NRT
  • Total Square Footage: 154,638
  • Price per Square Foot: $8

The sale of this development site highlights the involvement of key individuals and companies in the transaction, including Jacob Dell from CBRE who represented the buyer and James Hodur and Ben Miotti from Coldwell Banker Commercial NRT who acted as the seller's representatives.

Players

Benjamin Miotti
27 deals$33.9M volume(847) 219-3594
BROKER

James Hodur
Coldwell Banker
27 deals$29.6M volume
BROKER

Jacob Dell
CBRE
3 deals$5.3M volume
BROKER

Details

SOLD
IMAGE: Benjamin Miotti, Jacob Dell & James Hodur DATE: 02/03/2022 ADDRESS: 3150 N Skokie Highway MARKET: North Chicago ASSET TYPE: Development Site BUYER'S REP: Jacob Dell - CBRE SELLER'S REP: James Hodur & Ben Miotti - Coldwell Banker Commercial NRT SALE PRICE: $1,200,000 BSF: 154,638 ~ PPBSF: $8

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35