AJ Leopardo Of Alexander West Capital Acquires Mixed-use Building In Chicago For $7.5M
1100 West Monroe Street
$7,500,000
$154/SF
Building Size
48,500 SF
Asset Type
Mixed-use
Closing
May 19, 2025
AI
A mixed-use asset located at 1100 West Monroe Street in the Chicago market has been sold for a transaction amount of $7,500,000. The asset encompasses a total area of 48,500 square feet, priced at approximately $155 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,500,000
- Address: 1100 West Monroe Street
- Market: Chicago
- Buyer: AJ Leopardo - Alexander West Capital
- Seller: Thomas N. Koltun - Kolcraft Enterprises
- Buyer's Representative: Jason St. John - Greenstone Partners
- Seller's Representatives: Andrew Davidson, Jay Beadle & David Kimball - Transwestern
- Lender: Busey Bank
- Loan Amount: $12,100,000
This transaction involved Alexander West Capital, the holding company of the Leopardo family, which has acquired the building to establish Leopardo Construction's new city headquarters. The financing arrangements will facilitate the interior buildout of the space, consolidating office and storage operations under a single roof.
Players
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93