Sung Park Purchases 3445 N Kimball Ave Chicago For $5.3 Million With Marcus & Millichap Representing Seller
SOLD
$5,300,000
Illinois
See Similar DealsOffice80,205 SF
SOLD
Sung Park Purchases 3445 N Kimball Ave Chicago For $5.3 Million With Marcus & Millichap Representing Seller
3445 N Kimball Ave, Chicago, IL, 60618
See Similar DealsOffice80,205 SF
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$66
Total Square Footage:80205 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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