SOLD
Brit Properties Acquires Three-Building Industrial Asset In Chicago For $13M
2425 West Barry Avenue
Industrial
246,000 SF
246,000 SF
Sold 196 days ago
Summary
Sale
ILLINOIS
Industrial
246,000 sqft
Brit Properties, a Chicago industrial real estate firm, has acquired a three-building asset in Chicago. The property spans 82,000 square feet and was purchased for $13 million. It is located along the Chicago River's east bank and is occupied by Tampico Beverages and Beverage Flavors International. The acquisition was partially financed by Union National Bank of Elgin.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,000,000
- Address: 2425 West Barry Avenue, 3150 & 3106 North Campbell Avenue, Chicago
- Market: Chicago
- Acres: 5
- Square Footage: 82,000
- Price per Square Foot: $159
Joel Friedland, representing Brit Properties, brokered the deal with the assistance of Michael Milstead and Nick Stellas from Hansen Realty. Union National Bank provided financing for the acquisition.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
SOLD
IMAGE: Michael Milstead, Joel Friedland & Nick Stellas
DATE: 10/26/2023
ADDRESS: 2425 West Barry Avenue, 3150 & 3106 North Campbell Avenue
MARKET: Chicago
ASSET TYPE: Industrial ~ ACRES: 5
BUYER: Brit Properties - Joel Friedland
BROKERS: Michael Milstead & Nick Stellas - Hansen Realty
LENDER: Union National Bank
SALE PRICE: $13,000,000
SF: 82,000 ~ PPSF: $159
NOTE: Brit Properties, a Chicago industrial real estate firm, acquired a three-building asset spanning 82,000 square feet for $13 million. The site, located along the Chicago River's east bank, is occupied by Tampico Beverages and Beverage Flavors International, and the acquisition was partially financed by Union National Bank of Elgin.View on map
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Address2425 West Barry Avenue
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