Diamond Realty Holdings Acquires Industrial Property In Chicago For $4.3M
SOLD
$4,258,280
Illinois
See Similar DealsIndustrial32,756 SF
Sold 08/16/2021
SOLD
Diamond Realty Holdings Acquires Industrial Property In Chicago For $4.3M
300 N Oakley Blvd, Chicago, IL, USA
See Similar DealsIndustrial32,756 SF
Sold 08/16/2021
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$130
Total Square Footage:32,756 SF
Transaction Type:Sale
The industrial property located at 300 North Oakley Blvd. in Chicago has been sold in a closed transaction. The property spans 32,756 square feet and was sold for a price of $4,258,280, resulting in an approximate price per square foot of $130.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,258,280
- Address: 300 North Oakley Blvd., Chicago
- Market: Chicago
Diamond Realty Holdings (DRH), represented by Josh Diamond, served as the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$227,108.27
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,128.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,186.42
Annual Debt Service$242,237.04
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