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
$8,325,000
$92/SF
Building Size
90,000 SF
Asset Type
Mixed-use
Closing
Dec 20, 2024
AI
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
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
1.91%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93