The Common Market Acquires Industrial Asset In Bedford Park For $5.32M With Christian Arai And Zach Binswanger As Brokers
7424 South Lockwood Avenue
$5,321,043
$63/SF
Building Size
84,461 SF
Asset Type
Industrial
Closing
Mar 13, 2025
AI
The property involved in this transaction is an industrial asset located at 7424 South Lockwood Avenue in the Bedford Park market. The sale price was $5,321,043, with a total square footage of 84,461, resulting in a price per square foot of $63.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $5,321,043
- Address: 7424 South Lockwood Avenue
- Market: Bedford Park
- Square Footage: 84,461
- Price Per Square Foot: $63
- Buyer: The Common Market
- Buyer’s Representative: Christian Arai - CRER (Chicago Real Estate Resources)
- Seller’s Representative: Zach Binswanger - Binswanger
Christian Arai from Chicago Real Estate Resources represented the buyer, The Common Market, in this transaction. Zach Binswanger from Binswanger was the representative for the seller during the deal.
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
2.98%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93