Tesla Acquires Retail Property On W. Grand Avenue In Chicago For $4.6M
1053 West Grand Avenue, Chicago, IL, USA
$4,557,000
$501/SF
Building Size
9,089 SF
Asset Type
Retail
Closing
Dec 2, 2020
About this deal
AI
A retail property located at 1053 W. Grand Avenue in Chicago has been sold for a price of $4,557,000. The property spans 9,089 square feet, resulting in a price per square foot of $501. The transaction took place on December 3, 2020.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,557,000
- Address: 1053 W. Grand Avenue
- Market: Chicago
The property was acquired by @Tesla, a well-known tenant in the retail industry. The deal was facilitated by the brokers Jason St. John, Danny Spitz, and Greg Dietz from Greenstone Partners.
On the Map
$4,557,000
$501/SF
Retail
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Players
Chicago Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.48%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93