Randy Blankstein & Jimmy Goodman Acquires Office Building In Chicago For $6.2M
3556 N Ashland Ave, Chicago, IL, USA
$6,200,000
$2,480/SF
Building Size
2,500 SF
Asset Type
Office
Closing
Aug 18, 2021
About this deal
AI
The office property located at 3556 N. Ashland Ave in Chicago has been sold for a total price of $6,200,000. The transaction took place on August 19, 2021, and the property spans a total area of 2,500 square feet. The sale price per square foot amounts to $2,480.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,200,000
- Address: 3556 N. Ashland Ave, Chicago
- Market: Chicago
Randy Blankstein, representing The Boulder Group, and Jimmy Goodman were the brokers involved in this transaction.
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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93