Aberdeen Chicago, LLC Acquires Office Building In Chicago For $4.1M
15 South Aberdeen Street, Chicago, IL, USA
$4,125,000
$412/SF
Building Size
10,000 SF
Asset Type
Office
Closing
Jan 11, 2021
AI
The office property located at 15 S. Aberdeen Street in Chicago has been sold. The transaction took place on January 12, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,125,000
- Address: 15 S. Aberdeen Street
- Market: Chicago
- Size: 10,000 square feet
- Price per Square Foot: $413
- Cap Rate: 6.54%
Aberdeen Chicago, LLC purchased the property from 15 S Aberdeen LLC. Scott Maesel from SVN represented the buyer, while Kevin Rocio and Nate Grill from OCAdvisoryGroup @Properties Commercial represented the seller.
The asking price for the property was $4,599,000, but it was ultimately sold for $4,125,000. The transaction represents a cap rate of 6.54%.
Players
Chicago Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93