Hamid Moghadam's Prologis Acquires Mixed-use Property In Chicago For $100M
930 West Evergreen Avenue, Chicago, IL 60642
$100,000,000
$295/SF
Building Size
339,000 SF
Asset Type
Mixed-use
Closing
Mar 25, 2021
AI
The mixed-use property located at 930 W. Evergreen Ave. in Chicago has been sold in a recent transaction. The property consists of a warehouse and office space, making it a versatile asset. The sale took place on 03/26/2021.
Summary of transaction details:
- Property Type: Mixed-use (Warehouse & Office)
- Transaction Amount: $100,000,000
- Square Footage: 339,000
- Price per Square Foot: $295
- Address: 930 W. Evergreen Ave., Chicago
The buyer of the property is Hamid Moghadam, representing Prologis. On the other hand, Eugene Gorab, representing Greenfield Partners & Related Fund Management, acted as the seller. The deal was facilitated by Cushman & Wakefield, serving as the broker in the transaction.
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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93