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11250 South Western Avenue,...

University Of Chicago - Ingalls Medical Building Sold In Chicago's Beverly Neighborhood For $3.05M
SOLDMixed-use

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

James Daughrity

Daughrity Real Estate

Broker

$82.7M

vol

13 deals

Broker

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