Updated Oct 29, 2024
Newly Weds Acquires Industrial Property In Chicago From Charles Angell For $65.3M
4125 West Wrightwood Avenue, Chicago, Illinois 60639, United States
$65,300,000
$217,666/SF
Building Size
300 SF
Asset Type
Industrial
Closing
Sep 12, 2022
About this deal
AI
The industrial property located at 4125 West Wrightwood Avenue & 2541 North Keeler Avenue in Chicago has been sold for a total of $65,300,000. The property spans 300,000 square feet, resulting in a price per square foot of $218.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $65,300,000
- Address: 4125 West Wrightwood Avenue & 2541 North Keeler Avenue, Chicago
- Market: Chicago
- Buyer: Newly Weds
- Seller: Charles Angell
Newly Weds has acquired the industrial property from the seller, Charles Angell. The deal signifies a significant transaction in the Chicago market, with both parties engaging in the sale of the property.
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93