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Ian Feinerman Of AT Properties Commercial Represents Buyer In $2.3M Sale At 1759 W Grand Ave

Property Image
SOLD
$2,300,000

Illinois

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Industrial11,500 SF
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Property Image
SOLD

Ian Feinerman Of AT Properties Commercial Represents Buyer In $2.3M Sale At 1759 W Grand Ave

1759 W Grand Ave, Chicago, IL, 60622

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Industrial11,500 SF
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$200
Total Square Footage:11,500 SF
Transaction Type:Sale

An 11,500-square-foot industrial building located at 1759 W Grand Ave, Chicago, IL 60622 was sold for $2,300,000. The property is situated in Chicago's West Town neighborhood, specifically in the Grand Avenue Design District. This single-story, bow truss timber loft warehouse features built-out offices, a kitchenette, a break room, a conference room, and bathrooms. The building previously served as the location for Dr. Graphx, a graphic arts service business.

Summary of transaction details:

Denis Ascot, the executive vice president at Ascot Realty Group, represented the seller in this transaction, while Ian Feinerman from @properties represented the owner/user buyer. The deal highlights the activity within the industrial real estate sector, particularly in the West Town area of Chicago.

Players

Ian Feinerman
3 deals$5.4M volume
BROKER

Denis Ascot
Ascot Realty Group
1 deal$2.3M volume(312) 203-0049
BROKER

Details

SOLD
IMAGE: 1759 W Grand Ave, Chicago, IL, 60622 MARKET: Chicago BUYER'S REP: Ian Feinerman -AT Properties Commercial SELLER'S REP: Denis Ascot -Ascot Realty Group BUYER: Unknown SELLER: Unknown PRICE: $2,300,000.00 SF: 11500

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Deal Type
Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
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