Diamond Realty Holdings Acquires Industrial Property In Chicago For $2.58M
424 N Wood St, Chicago, IL 60622, Estados Unidos
$2,580,000
$125/SF
Building Size
20,523 SF
Asset Type
Industrial
Closing
Nov 19, 2020
AI
The industrial property located at 424 N. Wood Street in Chicago has been sold for a total price of $2,580,000. The transaction took place on November 20, 2020. The property spans a total area of 20,523 square feet, resulting in a price per square foot of $126. The buyer of the property is Diamond Realty Holdings, while the seller is 424 N. Wood LLC. Colin O'Malley from Interra Realty represented the parties involved in the deal.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,580,000
- Date: November 20, 2020
- Address: 424 N. Wood Street, Chicago
- Market: Chicago
- Buyer: Diamond Realty Holdings
- Seller: 424 N. Wood LLC
- Broker: Colin O'Malley - Interra Realty
- Square Footage: 20,523
- Price per Square Foot: $126
Colin O'Malley, representing Interra Realty, played a crucial role in facilitating the sale of the industrial property located at 424 N. Wood Street in Chicago. The transaction between Diamond Realty Holdings and 424 N. Wood LLC took place on November 20, 2020. Both the buyer and the seller were represented by their respective parties in the deal.
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
6.15%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93