Coldwell Banker Commercial NRT Sells Development Site In North Chicago For $1.2M
3150 N Skokie Hwy, North Chicago, IL 60044
$1,200,000
$7/SF
Building Size
154,638 SF
Asset Type
Development Site
Closing
Feb 2, 2022
AI
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
Lake Bluff Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93