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777 West Chicago Avenue, Ch...

Bally Acquires Industrial Property In Chicago For $200M
SOLDIndustrial

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

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.

Players

Soo Kim

Buyer

$401.3M

vol

3 deals

Buyer
NG
Nexstar Media GroupSeller

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

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93