GDS Development Sells Mixed-Use Asset In Evanston, IL For $17.1M
SOLD
$17,100,000
Illinois
See Similar DealsMixed-use
Sold 12/05/2021
SOLD
GDS Development Sells Mixed-Use Asset In Evanston, IL For $17.1M
828 Noyes St, Evanston, IL, USA
See Similar DealsMixed-use
Sold 12/05/2021
Summary
ILLINOIS
Asset Type:Mixed-use
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$912,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,752.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$81,062.72
Annual Debt Service$972,752.69
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