Wayne Caplan Represents Seller In $3.5M Sale Of Kimball Avenue Industrial Building
SOLD
$3,500,000
Illinois
See Similar DealsIndustrial48,000 SF
Sold 12/17/2019
SOLD
Wayne Caplan Represents Seller In $3.5M Sale Of Kimball Avenue Industrial Building
1757 N Kimball Ave, Chicago, IL, 60647
See Similar DealsIndustrial48,000 SF
Sold 12/17/2019
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$72
Total Square Footage:48,000 SF
Transaction Type:Sale
An approximately 48,000-square-foot flex industrial building located at 1757 N. Kimball Ave. in Chicago's Humboldt Park neighborhood has been sold for $3.5 million. The property is situated along the 606 Trail, offering a prime industrial location in the city.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,500,000.00
- Market: Chicago
- Address: 1757 N Kimball Ave, Chicago, IL, 60647
Wayne Caplan of SVN represented the seller in the transaction, showcasing his expertise in facilitating industrial property deals in the Chicago area. The buyer's identity, as well as the seller's, remains undisclosed, adding an element of mystery to this industrial property transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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