Onni Group Acquires Industrial Property In Chicago For $45M
700 West Chicago Avenue, Chicago, Illinois 60654, United States
$45,000,000
$375/SF
Building Size
120,000 SF
Asset Type
Industrial
Closing
Jun 26, 2022
AI
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
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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93