Chicago Wolcott LLC Acquires Office Building On 820 N. Wolcott Ave For $4.1M
820 N Wolcott Ave, Chicago, IL, USA
$4,125,000
$183/SF
Building Size
22,500 SF
Asset Type
Office
Closing
Feb 10, 2021
About this deal
AI
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.
On the Map
$4,125,000
$183/SF
Office
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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
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93