Updated Sep 9, 2024
Wayne Caplan Represents Seller In $3.5M Sale Of Kimball Avenue Industrial Building
1757 N Kimball Ave, Chicago, IL, 60647
$3,500,000
$72/SF
Building Size
48,000 SF
Asset Type
Industrial
Closing
Dec 17, 2019
About this deal
AI
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.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93