Updated Oct 29, 2024
LBA Logistics Acquires Industrial Property In Goose Island, Chicago For $28M
1300 North North Branch Street, Chicago, Illinois 60642, United States
$28,000,000
$243,478/SF
Building Size
115 SF
Asset Type
Industrial
Closing
Apr 17, 2023
About this deal
AI
The industrial property located at 1300 N. North Branch Street in Goose Island, Chicago has been sold in a transaction facilitated by Phil Belling of LBA Logistics. The property spans an area of 115,000 square feet and was acquired by the buyer, LBA Logistics, from the seller, Mars, for a sale price of $28,000,000. This transaction took place on December 28, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $28,000,000
- Square Footage: 115,000
- Price per Square Foot: $243
- Address: 1300 N. North Branch Street, Goose Island, Chicago
Phil Belling of LBA Logistics represented the buyer, LBA Logistics, in this sale transaction. Mars acted as the seller in this deal. Both parties successfully closed the transaction on the specified date.
On the Map
$28,000,000
$243,478/SF
Industrial
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Players
Chicago Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93