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424 N Wood St, Chicago, IL ...

Diamond Realty Holdings Acquires Industrial Property In Chicago For $2.58M
SOLDIndustrial

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

DH
Diamond Realty HoldingsBuyer

Chicago Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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