Aberdeen Chicago, LLC Acquires Office Building In Chicago For $4.1M
SOLD
$4,125,000
Illinois
See Similar DealsOffice10,000 SF
Sold 01/12/2021
SOLD
Aberdeen Chicago, LLC Acquires Office Building In Chicago For $4.1M
15 South Aberdeen Street, Chicago, IL, USA
See Similar DealsOffice10,000 SF
Sold 01/12/2021
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$412
Total Square Footage:10,000 SF
Transaction Type:Sale
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%.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$220,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,655.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,554.60
Annual Debt Service$234,655.25
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