Murphy Real Estate Services Acquires Mixed-Use Development In Skokie For $68M
8000 Lincoln Ave, Skokie, IL 60077, Estados Unidos
$68,000,000
$12,454/SF
Building Size
5,460 SF
Asset Type
Mixed-use
Closing
Nov 5, 2020
About this deal
AI
8000 North Lincoln Avenue in Skokie has been sold in a closed transaction. The mixed-use development property was purchased for $68,000,000.
Summary of transaction details
- Property Type: Mixed-Use Development
- Transaction Amount: $68,000,000
- Market: Skokie
- Buyer: Murphy Real Estate Services – John T. Murphy
The buyer, Murphy Real Estate Services represented by John T. Murphy, successfully closed the deal at 8000 North Lincoln Avenue. No additional information is available about the transaction.
The mixed use sale at 8000 Lincoln Ave, Skokie, IL 60077, Estados Unidos in Skokie, Illinois sold for $68M in 2020. The building is 5,460 square feet, implying about 12.5K per square foot on the published price. Named participants on the 8000 Lincoln Ave, Skokie, IL 60077, Estados Unidos sale are John T. Murphy. This page is the Skokie, Illinois file for the 8000 Lincoln Ave, Skokie, IL 60077, Estados Unidos mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Skokie sit in the Market section below. Filter that Skokie mixed use set by closing date to see what else sold near 8000 Lincoln Ave, Skokie, IL 60077, Estados Unidos around 2020. Published consideration for 8000 Lincoln Ave, Skokie, IL 60077, Estados Unidos is $68M, dated 2020. Cite this Murphy Real Estate Services Acquires Mixed-Use Development In Skokie For $68M sale when underwriting similar mixed use product around Skokie, Illinois.
Skokie 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93