GDS Development Sells Mixed-Use Asset In Evanston, IL For $17.1M
828 Noyes St, Evanston, IL, USA
$17,100,000
Building Size
—
Asset Type
Mixed-use
Closing
Dec 5, 2021
AI
828 Noyes St. in Evanston, IL, has been sold in a recent closed transaction. The mixed-use property was sold by GDS Development for a sale price of $17,100,000. The property consists of 45 units, with each unit having a price per unit (PPU) of $380,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $17,100,000
- Address: 828 Noyes St.
- Market: Evanston, IL
- Seller: GDS Development
- Brokers: Colin O’Malley, Paul Waterloo, & Patrick Kennelly - Interra Realty
- Units: 45
- Price per Unit: $380,000
The deal was facilitated by the brokers Colin O’Malley, Paul Waterloo, and Patrick Kennelly from Interra Realty.
Players
Evanston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93