Draper And Kramer Acquires Development Site In Chicago For $4.18M
SOLD
$4,180,000
Illinois
See Similar DealsDevelopment Site14,378 SF
Sold 10/27/2022
SOLD
Draper And Kramer Acquires Development Site In Chicago For $4.18M
863 North Orleans Street, Chicago, Illinois 60610, United States
See Similar DealsDevelopment Site14,378 SF
Sold 10/27/2022
Summary
ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$290
Total Square Footage:14,378 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$222,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,850.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,815.33
Annual Debt Service$237,783.99
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