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5060 South State Street, So...

KW Commercial Acquires Mixed-Use Property In Bronzeville, Chicago For $2.5M
SOLDMixed-use

KW Commercial Acquires Mixed-Use Property In Bronzeville, Chicago For $2.5M

5060 South State Street, South Side, Chicago, IL, USA

$2,500,000

$8,333/SF

Building Size

300 SF

Asset Type

Mixed-use

Closing

Aug 12, 2020

AI

The Bronzeville DaVita Medical Office and Retail Center in Chicago has been sold in a closed transaction. The mixed-use property, located at 5060 S State, was recently sold for a price of $2,500,000. The transaction was facilitated by brokers Travis Montgomery and James Daughrity, with James representing the buyer in the deal.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,500,000
  • Address: 5060 S State, Bronzeville, Chicago
  • Market: Bronzeville, Chicago
  • Brokers: Travis Montgomery & James Daughrity

Congratulations to Travis Montgomery from KW Commercial for successfully managing the sale of the Bronzeville DaVita Medical Office and Retail Center. After 45 days of marketing, Travis received more than a dozen offers for the property. To secure the winning bid, Travis collaborated with James Daughrity, a representative from Daughrity Real Estate who represented the buyer. This collaboration proved to be a strategic move in getting the deal finalized. For more information on investment-grade opportunities in Chicago, visit http://chicagomultifamilyinvestments.com.

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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93