Fulton Street Companies Acquires Mixed-Use Asset In Fulton Market, Chicago For $33.5M
1144 West Fulton Market, Chicago, Illinois 60607, United States
$33,500,000
$435/SF
Building Size
76,890 SF
Asset Type
Mixed-use
Closing
Apr 14, 2022
AI
The mixed-use property located at 1144 W Fulton, 1101 W Fulton, 220 N Aberdeen, 112 N May, and 351 N May in Fulton Market, Chicago, has been sold in a closed transaction. The deal was finalized on 04/15/2022 with a sale price of $33,500,000. The property spans across 76,890 square feet, resulting in a price per square foot of $436. The buyer of the property was Fulton Street Companies, while the seller was CLK Properties. The transaction was facilitated by SVN | Chicago Commercial, with Scott Maesel, Drew Dillon, Chad Schroedl, Adam Thomas, and Logan Parsons representing the seller in the deal.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $33,500,000
- Address: 1144 W Fulton, 1101 W Fulton, 220 N Aberdeen, 112 N May, and 351 N May
- Market: Fulton Market, Chicago
- Buyer: Fulton Street Companies
- Seller: CLK Properties
- Seller's Representative: Scott Maesel, Drew Dillon, Chad Schroedl, Adam Thomas, and Logan Parsons - SVN | Chicago Commercial
The successful transaction involved key individuals and companies, with Fulton Street Companies acting as the buyer and CLK Properties as the seller. SVN | Chicago Commercial played a pivotal role in the deal, with Scott Maesel, Drew Dillon, Chad Schroedl, Adam Thomas, and Logan Parsons representing the seller's interests. This transaction marks another significant real estate development in the thriving Fulton Market area in Chicago.
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
0.47%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93