University Of Chicago - Ingalls Medical Building Sold In Chicago's Beverly Neighborhood For $3.05M
11250 South Western Avenue, Chicago, IL 60643
$3,050,000
$203/SF
Building Size
14,967 SF
Asset Type
Mixed-use
Closing
Aug 13, 2020
AI
The property asset involved in this transaction is a mixed-use building located at 11250 S Western in the Chicago - Beverly market. The asset was sold for $3,050,000 after an asking price of $3,770,000. The property encompasses a total of 14,967 square feet, translating to a price per square foot of $204.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,050,000
- Address: 11250 S Western
- Market: Chicago - Beverly
- Square Footage: 14,967
- Asking Price: $3,770,000
- Price Per Square Foot: $204
- Buyer's Representative: James Daughrity
- Seller's Representative: Scott Niedergang
The key individuals involved in the deal include James Daughrity, representing the buyer, and Scott Niedergang, representing the seller. The transaction pertains to the University of Chicago - Ingalls Medical Building, which consists of a portfolio of three medical office buildings. Among these, two properties are single-tenant and one is a multi-tenant medical office building.
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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93