Sung Park Purchases 3445 N Kimball Ave Chicago For $5.3 Million With Marcus & Millichap Representing Seller
3445 N Kimball Ave, Chicago, IL, 60618
$5,300,000
$66/SF
Building Size
80,205 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property located at 3445 N Kimball Ave, Chicago, IL, 60618 is a substantial asset covering 80,205 square feet. The transaction concluded at a price of $5,300,000.00 within the Chicago market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $5,300,000.00
- Square Footage: 80,205
- Address: 3445 N Kimball Ave, Chicago, IL, 60618
- Market: Chicago
- Seller's Representatives: Joshua Hergott - Marcus & Millichap, Brian Parmacek - Marcus & Millichap
- Buyer: Sung Park
In this transaction, Joshua Hergott and Brian Parmacek acted as the representatives for the seller, bringing considerable expertise from Marcus & Millichap to facilitate the sale. The involvement of Sung Park as the buyer marks a significant connection within the real estate landscape of Chicago.
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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93