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3333 W Lake St, Garfield Pa...

Baum Revision Acquires Industrial Property In Garfield Park For $1.025M
SOLDIndustrial

Baum Revision Acquires Industrial Property In Garfield Park For $1.025M

3333 W Lake St, Garfield Park, Chicago, IL, USA

$1,025,000

$20/SF

Building Size

49,200 SF

Asset Type

Industrial

Closing

Mar 17, 2021

AI

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.

Players

Ari Topper

Broker

$34.6M

vol

8 deals

Broker
A
At&tSeller

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

15.48%

Cash-on-Cash

-4.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93