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1100 West Monroe Street

AJ Leopardo Of Alexander West Capital Acquires Mixed-use Building In Chicago For $7.5M
SOLDMixed-use

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:

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

Jason St. John

Greenstone Partners

Broker

$200.7M

vol

26 deals

Broker
Busey Bank
Busey BankLender

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