Chicago Wolcott LLC Acquires Office Building On 820 N. Wolcott Ave For $4.1M
SOLD
$4,125,000
Illinois
See Similar DealsOffice22,500 SF
Sold 02/11/2021
SOLD
Chicago Wolcott LLC Acquires Office Building On 820 N. Wolcott Ave For $4.1M
820 N Wolcott Ave, Chicago, IL, USA
See Similar DealsOffice22,500 SF
Sold 02/11/2021
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$183
Total Square Footage:22,500 SF
Transaction Type:Sale
Chicago Wolcott LLC has acquired an office property located at 820 N. Wolcott Ave in Chicago. The property, with a total square footage of 22,500, was sold by Mid-American Elevator Company for a price of $4,125,000, resulting in a price per square foot of $183.
Summary of transation details
- Property Type: Office
- Transaction Amount: $4,125,000
- Square Footage: 22,500
- Price per Square Foot: $183
- Address: 820 N. Wolcott Ave, Chicago
The buyer's representative in this transaction was Kinzie Brokerage, while Cory Kay, Jeff Locascio, and Mike DeSerto from Entre Commercial Realty represented the seller, Mid-American Elevator Company.
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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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