Updated Oct 28, 2024
Draper And Kramer Acquires Development Site In Chicago For $4.18M
863 North Orleans Street, Chicago, Illinois 60610, United States
$4,180,000
$290/SF
Building Size
14,378 SF
Asset Type
Development Site
Closing
Oct 26, 2022
About this deal
AI
Draper and Kramer has acquired a development site located at 863 N Orleans St in Chicago. The property was sold by BlitzLake for a total sale price of $4,180,000. The site spans a total of 14,378 square feet, resulting in a price per square foot of $291.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,180,000
- BSF: 14,378
- PPBSF: $291
The transaction was facilitated by Tom Svoboda of CBRE, who represented the buyer, Draper and Kramer. BlitzLake was represented by their representative Tom Svoboda from CBRE.
On the Map
$4,180,000
$290/SF
Development Site
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Players
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
3.79%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93