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110 E Pearson St, Chicago, ...

Sterling Organization Acquires Property At 110 E Pearson St Chicago For $15.1M
SOLDRetail

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

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.

Players

George Good

CBRE

Broker

$273M

vol

10 deals

Broker
Sterling Organization
Sterling OrganizationBrokerage
Sterling Organization
Sterling OrganizationBuyer

Chicago Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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