Baum Revision Acquires Industrial Property In Garfield Park For $1.025M
SOLD
$1,025,000
Illinois
See Similar DealsIndustrial49,200 SF
Sold 03/18/2021
SOLD
Baum Revision Acquires Industrial Property In Garfield Park For $1.025M
3333 W Lake St, Garfield Park, Chicago, IL, USA
See Similar DealsIndustrial49,200 SF
Sold 03/18/2021
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$20
Total Square Footage:49,200 SF
Transaction Type:Sale
The industrial property located at 3333 W Lake St in Garfield Park has been sold in a transaction dated 03/18/2021. The property spans across an area of 49,200 square feet and was sold at a price of $1,025,000, resulting in a price per square foot of $20. The seller of the property was AT&T, while Baum Revision acted as the buyer.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,025,000
- Address: 3333 W Lake St, Garfield Park
- Market: Garfield Park
Representing the buyer, Baum Revision acquired the property from AT&T. The transaction was facilitated by brokers Tyler Dechter from @tylerdechtercre and Ari Topper from @aritoppercre.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,859.02
Annual Debt Service$58,308.28
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