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8047 Skokie Boulevard

Fulton Grace Realty Acquires Mixed-Use Property In Skokie For $900K
SOLDDevelopment Site

Fulton Grace Realty Acquires Mixed-Use Property In Skokie For $900K

8047 Skokie Boulevard

$900,000

Building Size

Asset Type

Development Site

Closing

Feb 23, 2023

AI

The mixed-use property located at 8047 Skokie Boulevard in Skokie has been sold for a price of $900,000. The property spans across 24,537 square feet. The sale price per square foot was $37.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $900,000
  • Address: 8047 Skokie Boulevard
  • Market: Skokie
  • Square Footage: 24,537
  • Price per Square Foot: $37

The buyer's representative in this transaction was Brian Levitas from Fulton Grace Realty. On the other hand, Steve Chrastka and Jason Wurtz from NAI Capital represented the seller.

Players

Steve Chrastka

NAI Global

Broker

$7.4M

vol

4 deals

Broker

Market 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

17.63%

Cash-on-Cash

-5.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93