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Wayland Real Estate Capital Acquires Mixed-use Property On North Clark Street For $8.325M

Property Image
SOLD
$8,325,000
Owen Wiesner
Tyler Dechter
Ari Topper

Illinois

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Mixed-use90,000 SF
Sold 12/20/2024
the dealplayerscompscontact
Property Image
SOLD

Wayland Real Estate Capital Acquires Mixed-use Property On North Clark Street For $8.325M

5300 North Clark Street, 5304 North Clark Street, 5306 North Clark Street, 5308 North Clark Street & 3010 North Clark Street

See Similar Deals
Mixed-use90,000 SF
Sold 12/20/2024
Owen Wiesner
Tyler Dechter
Ari Topper
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$92
Total Square Footage:90,000 SF
Transaction Type:Sale

The property asset involved in this transaction is a mixed-use building located at 5300, 5304, 5306, 5308-5310 North Clark Street in Chicago. The sale price of the property was $8,325,000, covering a total square footage of 18,000. The price per square foot was calculated at $462.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $8,325,000
  • Square Footage: 18,000
  • Address: 5300, 5304, 5306, 5308-5310 North Clark Street
  • Market: Chicago

The buyer of the property is Wayland Real Estate Capital. The seller's representatives involved in this transaction are Ari Topper, Tyler Dechter, and Owen Wiesner from Baum Realty Group. This transaction pertains to the Andersonville Retail Portfolio.

Players

Ari Topper
Ari Topper
8 deals$34.6M volume
BROKER
Tyler Dechter
Baum Realty Group
Tyler Dechter
11 deals$53.9M volume
BROKER
Owen Wiesner
Baum Realty Group
Owen Wiesner
4 deals$21.6M volume
BROKER

Details

SOLD
IMAGE: Ari Topper, Owen Wiesner & Tyler Dechter DATE: 12/20/2024 ADDRESS: 5300, 5304, 5306, 5308-5310 North Clark Street MARKET: Chicago ASSET TYPE: Mixed-use BUYER: Wayland Real Estate Capital (@WaylandCapital) SELLER'S REP: Ari Topper (@AriToppercre), Tyler Dechter (@TylerDechtercre) & Owen Wiesner (@OwenWiesnercre) - Baum Realty Group (@BaumRealtyGroup) SALE PRICE: $8,325,000 SF: 18,000 ~ PPSF: $462 NOTE FROM BROKER: Andersonville Retail Portfolio

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$444,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,576.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,464.75
Annual Debt Service$473,576.97