Interra Realty Acquires Industrial Property In Lincoln Park, Chicago For $15M
SOLD
$15,000,000
+ 1
Illinois
See Similar DealsIndustrial150,000 SF
Sold 09/28/2021
SOLD
Interra Realty Acquires Industrial Property In Lincoln Park, Chicago For $15M
2032 North Clybourn Avenue, Chicago, IL 60614
See Similar DealsIndustrial150,000 SF
Sold 09/28/2021
+ 1
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$100
Total Square Footage:150,000 SF
Transaction Type:Sale
The industrial property located at 2032 N. Clybourn Ave in Lincoln Park, Chicago has been sold for a total of $15,000,000. The property spans over 150,000 square feet, resulting in a price per square foot of $100. The transaction took place on September 28, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,000,000
- Address: 2032 N. Clybourn Ave, Lincoln Park, Chicago
- Market: Lincoln Park, Chicago
Interra Realty, represented by Jon Morgan, acted as the buyer for this transaction. Anixter Center served as the seller. The deal was facilitated by Dirk Riekse, Eric Sorensen, Larry Goldwasser, and Kathleen Nelson from Cushman & Wakefield.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
Is there something missing? Send suggestions