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

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SOLD
$3,050,000

Illinois

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Mixed-use14,967 SF
Sold 08/13/2020
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SOLD

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

11250 South Western Avenue, Chicago, IL 60643

See Similar Deals
Mixed-use14,967 SF
Sold 08/13/2020
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Summary

ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$203
Total Square Footage:14,967 SF
Transaction Type:Sale

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
13 deals$82.7M volume(310) 596-6730
BROKER

Scott Niedergang
7 deals$153.2M volume
BROKER

Details

SOLD
IMAGE: Scott Niedergang & James Daughrity DATE: 08/13/2021 ADDRESS: 11250 S Western MARKET: Chicago - Beverly ASSET TYPE: Mixed-use BUYER'S REP: James Daughrity (@JamesSellsLA) SELLER'S REP: Scott Niedergang @sniedergang ASKING PRICE: $3,770,000 SALE PRICE: $3,050,000 SF: 14,967 ~ PPSF: $204 NOTE: The University of Chicago - Ingalls Medical Building, a portfolio of three medical office buildings located in Chicago, IL. Two properties are single-tenant and one property is a multi-tenant medical office building.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$162,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,836.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,458.56
Annual Debt Service$173,502.67