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828 Noyes St, Evanston, IL,...

GDS Development Sells Mixed-Use Asset In Evanston, IL For $17.1M
SOLDMixed-use

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

Patrick Kennelly

Interra Realty

Broker

$326.9M

vol

52 deals

Broker
GD
GDS DevelopmentSeller

Evanston 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

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93