Sterling Organization Acquires Property At 110 E Pearson St Chicago For $15.1M
110 E Pearson St, Chicago, IL, 60611
$15,100,000
$1,502/SF
Building Size
10,051 SF
Asset Type
Retail
Closing
Nov 19, 2023
About this deal
AI
The property located at 110 E Pearson St, Chicago, IL, 60611 has a price of $15,100,000.00. With a total square footage of 10,051, it is situated in the Chicago market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $15,100,000.00
- Address: 110 E Pearson St, Chicago, IL, 60611
- Market: Chicago
- Seller's Representative: Derrick Almassy, George Good - CBRE
- Buyer: Sterling Organization
Derrick Almassy and George Good from CBRE represented the seller in this transaction, while Sterling Organization was the buyer. The involvement of these individuals signifies the professional brokerage services that facilitated the sale.
On the Map
$15,100,000
$1,502/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
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93