Onni Group Acquires Industrial Property In Chicago For $45M
SOLD
$45,000,000
Illinois
See Similar DealsIndustrial120,000 SF
Sold 06/27/2022
SOLD
Onni Group Acquires Industrial Property In Chicago For $45M
700 West Chicago Avenue, Chicago, Illinois 60654, United States
See Similar DealsIndustrial120,000 SF
Sold 06/27/2022
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$375
Total Square Footage:120,000 SF
Transaction Type:Sale
The industrial property located at 700 West Chicago Ave in Chicago has been sold for a price of $45,000,000. The property spans across 7 acres and was acquired by Onni Group, represented by Duncan Wlodarczak. The seller of the property was Nexstar Media Group & Riverside Investment & Development.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $45,000,000
- Address: 700 West Chicago Ave
- Market: Chicago
- Acres: 7
Duncan Wlodarczak of Onni Group served as the buyer's representative in this transaction.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,400,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$159,875.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$213,322.96
Annual Debt Service$2,559,875.50
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