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1757 N Kimball Ave, Chicago...

Wayne Caplan Represents Seller In $3.5M Sale Of Kimball Avenue Industrial Building
SOLDIndustrial

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

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

Wayne Caplan

SVN

Broker

$59.9M

vol

13 deals

Broker

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