Talos Capital Acquires Industrial Properties In Chicago For $5.7M
SOLD
$5,718,125
Illinois
See Similar DealsIndustrial
Sold 10/23/2020
SOLD
Talos Capital Acquires Industrial Properties In Chicago For $5.7M
43 West 44th Street, Chicago, IL 60609
See Similar DealsIndustrial
Sold 10/23/2020
Summary
ILLINOIS
Asset Type:Industrial
Transaction Type:Sale
Talos Capital has acquired two industrial properties in Chicago. The properties, located at 3843 West 43rd Street and 3800 West 44th Street, were sold for a total price of $5,718,125. The deal was finalized on October 23, 2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,718,125
- Market: Chicago
The buyer, Talos Capital, enlisted the services of Colin Green from Cushman & Wakefield as their representative in the transaction. The seller's representatives were Beverly Hayes and John McDermott from SVN.
Players
BROKERAGE
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,966.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,315.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,106.83
Annual Debt Service$325,281.96
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