Loyola University Chicago Acquires Development Site At 6347 North Broadway For $4.85M
6347 North Broadway
$4,850,000
$107/SF
Building Size
45,000 SF
Asset Type
Development Site
Closing
Sep 3, 2024
AI
The asset involved in this transaction is a development site located at 6347 North Broadway in Chicago. The sale price for the property was $4,850,000. It consists of approximately 45,000 square feet, resulting in a price per square foot of $107.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,850,000
- Address: 6347 North Broadway
- Market: Chicago
- Square Footage: 45,000
- Price Per Square Foot: $107
- Buyer: Loyola University Chicago
- Seller: Cynthia Dainas - Dainas Trust
- Broker: Adam Lash - Imperial Realty Company
The parties involved in this transaction include Loyola University Chicago as the buyer and Cynthia Dainas representing the Dainas Trust as the seller. The broker handling the deal was Adam Lash from Imperial Realty Company, facilitating the negotiation between the two parties.
Chicago 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
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93