Related Midwest Acquires Mixed-Use Property In West Loop, Chicago For $10.1M
800 West Washington Boulevard, Chicago, Illinois 60607, United States
$10,100,000
$638/SF
Building Size
15,828 SF
Asset Type
Mixed-use
Closing
Oct 19, 2022
AI
The mixed-use property located at 800 W Washington Blvd in the West Loop neighborhood of Chicago, IL was recently sold for a total of $10,100,000. The transaction took place on October 20, 2022. The property spans a total area of 15,828 square feet, resulting in a price per square foot of $638. The buyer in this transaction was Related Midwest, while the seller was R2 Companies. The deal was facilitated by a team of brokers from SVN | Chicago Commercial, including Scott Maesel, Drew Dillon, Chad Schroedl, Adam Thomas, and Logan Parsons.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,100,000
- Address: 800 W Washington Blvd
- Market: West Loop, Chicago, IL
If you have any further questions or require additional information, please contact the [email protected]. Thank you.
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
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93