Updated Feb 5, 2025
Interra Realty Acquires Industrial Property In Lincoln Park, Chicago For $15M
2032 North Clybourn Avenue, Chicago, IL 60614
$15,000,000
$100/SF
Building Size
150,000 SF
Asset Type
Industrial
Closing
Sep 28, 2021
About this deal
AI
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.
On the Map
$15,000,000
$100/SF
Industrial
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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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93