Rafael Murillo Sells Mixed-Use Unit At 363 E Wacker Dr For $6.6M In Chicago
SOLD
$6,678,538
Illinois
See Similar DealsMixed-use5,006 SF
Sold 07/16/2021
SOLD
Rafael Murillo Sells Mixed-Use Unit At 363 E Wacker Dr For $6.6M In Chicago
363 East Wacker Drive, Chicago, IL 60601
See Similar DealsMixed-use5,006 SF
Sold 07/16/2021
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$1,334
Total Square Footage:5,006 SF
Transaction Type:Sale
The mixed-use property located at 363 E Wacker Dr, Unit 5106 in Chicago has been sold for a total price of $6,678,538. The property spans across 5,006 square feet, resulting in a price per square foot of $1,334. The seller of this property was Magellan Development LLC.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,678,538
- Address: 363 E Wacker Dr, Unit 5106, Chicago
- Market: Chicago
- Seller: Magellan Development LLC
Rafael Murillo, acting as the buyer's representative, was involved in this sale. It is worth noting that Rafael Murillo has previously sold three condos at the St. Regis Chicago, with a total sales value of $10,309,622.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$356,188.69
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,727.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,659.68
Annual Debt Service$379,916.13
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