facebook
Traded Co logo
Submit

Private HNW Acquires Mixed-Use Asset For $14M In Fulton Market District

Property Image
SOLD
$14,000,000

Illinois

See Similar Deals
Mixed-use3,206 SF
Sold 12/31/2021
the dealplayerscompscontact
Property Image
SOLD

Private HNW Acquires Mixed-Use Asset For $14M In Fulton Market District

1001 West Fulton Market, Chicago, Illinois 60607, United States

See Similar Deals
Mixed-use3,206 SF
Sold 12/31/2021
Contact now

Summary

ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$4,366
Total Square Footage:3,206 SF
Transaction Type:Sale

A mixed-use property located at 226 N. Morgan and 1001 W. Fulton in the Fulton Market District has been sold for $14,000,000. The property spans 12,800 square feet, resulting in a price per square foot of $1,094. The sale took place on December 31, 2021, and the buyer was a private HNW individual from California. Vequity acted as the seller in the transaction. The deal was facilitated by brokers Alex Sharrin and Truman Tiernan from JLL.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $14,000,000
  • Square Footage: 12,800
  • Price per Square Foot: $1,094
  • Address: 226 N. Morgan & 1001 W. Fulton
  • Market: Fulton Market District

The buyer of the property was a private high-net-worth individual from California. Vequity served as the seller in the deal. The transaction was facilitated by brokers Alex Sharrin and Truman Tiernan, representing JLL. The sale of this mixed-use property represents a significant investment in the vibrant Fulton Market District.

Players

Alex Sharrin
35 deals$908M volume(305) 913-5545
BROKER

Truman Tiernan
JLL
2 deals$19.9M volume
BROKER

Details

SOLD
IMAGE: Truman Tiernan & Alex Sharrin DATE: 12/31/2021 ADDRESS: 226 N. Morgan & 1001 W. Fulton MARKET: Fulton Market District ASSET TYPE: Mixed-use BUYER: Private HNW - California SELLER: Vequity BROKERS: Alex Sharrin & Truman Tiernan - JLL SALE PRICE: $14,000,000 SF: 12,800 ~ PPSF: $1,094

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$746,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71