Updated Oct 29, 2024
Bally Acquires Industrial Property In Chicago For $200M
777 West Chicago Avenue, Chicago, Illinois 60654, United States
$200,000,000
Building Size
—
Asset Type
Industrial
Closing
Oct 11, 2022
About this deal
AI
The under contract industrial property located at 777 W. Chicago Ave in Chicago, with approximately 30 acres, is set to change hands. The transaction involves Bally, represented by Soo Kim, as the buyer, and Nexstar Media Group, represented by Lee Ann Gliha, as the seller. The deal is valued at $200,000,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $200,000,000
- Date: 11/10/2022
- Address: 777 W. Chicago Ave
- Market: Chicago
- Buyer: Bally - Soo Kim
- Seller: Nexstar Media Group - Lee Ann Gliha
Lee Ann Gliha and Soo Kim are the key individuals representing the seller and buyer respectively. Both parties have come to an agreement for the deal, which is now under contract. The transaction is expected to proceed as planned.
On the Map
$200,000,000
Industrial
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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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93