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2032 North Clybourn Avenue,...

Interra Realty Acquires Industrial Property In Lincoln Park, Chicago For $15M
SOLDIndustrial

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

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.

Players

Dirk Riekse

Cushman & Wakefield

Broker

$15M

vol

2 deals

Broker
Interra Realty
Interra RealtyBuyer

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