Updated Dec 20, 2023
Coldwell Banker Commercial Brokers James Hodur & Benjamin Miotti Facilitate $16.28M Industrial Sale In Chicago
2217 South Loomis Street, Chicago, IL, USA
$16,280,000
$398/SF
Building Size
40,828 SF
Asset Type
Industrial
Closing
Feb 16, 2021
About this deal
AI
The industrial property located at 2217 S. Loomis Street, 1176 N. Cherry Avenue, 2300 N. Ashland Avenue, and 1208 W. Medill Avenue in Chicago has been sold for a total price of $16,280,000. The property is situated in a prime location in the Chicago market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,280,000
- Address: 2217 S. Loomis Street, 1176 N. Cherry Avenue, 2300 N. Ashland Avenue, and 1208 W. Medill Avenue
- Market: Chicago
The sale was facilitated by James Hodur and Benjamin Miotti of Coldwell Banker Commercial. They acted as brokers in the transaction, representing the parties involved in the deal.
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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93