Updated Dec 3, 2024
Amazon's Jeff Bezos Acquires Industrial Property In Chicago For $45M
3000 W 51st St, Chicago, IL, USA
$45,000,000
$30/SF
Building Size
1,500,000 SF
Asset Type
Industrial
Closing
Mar 3, 2021
About this deal
AI
A 1,500,000 square foot industrial property located at 3000 W 51st St in Chicago has been sold for $45,000,000. The property is situated on 70 acres of land, with a price per acre of $642,857. The buyer of the property is Amazon, represented by Jeff Bezos, while the seller is Ryerson Holdings Corp.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $45,000,000
- Address: 3000 W 51st St
- Market: Chicago
- Square Footage: 1,500,000
- Price per Square Foot: $30
- Acres: 70
- Price per Acre: $642,857
Amazon, represented by Jeff Bezos, has acquired the industrial property located at 3000 W 51st St in Chicago for a total of $45,000,000. The sale was completed with the seller, Ryerson Holdings Corp. The property spans 1,500,000 square feet and sits on 70 acres of land, with a price per square foot of $30 and a price per acre of $642,857.
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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93