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1759 W Grand Ave, Chicago, ...

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

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

1759 W Grand Ave, Chicago, IL, 60622

$2,300,000

$200/SF

Building Size

11,500 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

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

At Properties Commercial

Broker

$5.4M

vol

3 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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93