FCA Acquires Property From Sterling Bay Co. For $1.7 Million In Chicago
SOLD
$1,700,000
+ 1
Illinois
See Similar DealsRetail4,200 SF
SOLD
FCA Acquires Property From Sterling Bay Co. For $1.7 Million In Chicago
1039 W Lake St, Chicago, IL, 60607
See Similar DealsRetail4,200 SF
+ 1
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$404
Total Square Footage:4,200 SF
Transaction Type:Sale
A two-story retail building located at 1039 W Lake St, Chicago, IL, 60607 has been sold for $1,700,000. The property spans 4,200 square feet within the Chicago market.
Summary of transaction details:
- Property Type: Retail Building
- Transaction Amount: $1,700,000.00
- Square Footage: 4,200 SF
- Buyer: FCA
- Seller: Sterling Bay Co.
- Buyer's Representative: Lee French - SVN Chicago Commercial, Tim Rasmussen
- Seller's Representative: Drew Dillon - SVN, Scott Maesel
The transaction involved representation from SVN | Chicago Commercial for both the buyer and seller. The buyer, FCA, was represented by Lee French and Tim Rasmussen, while the seller, Sterling Bay Co., was represented by Drew Dillon and Scott Maesel.
Players
BROKERAGE
BUYER
SELLER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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