Sterling Organization Acquires Property At 110 E Pearson St Chicago For $15.1M
SOLD
$15,100,000
Illinois
See Similar DealsRetail10,051 SF
SOLD
Sterling Organization Acquires Property At 110 E Pearson St Chicago For $15.1M
110 E Pearson St, Chicago, IL, 60611
See Similar DealsRetail10,051 SF
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$1,502
Total Square Footage:10,051 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$805,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,647.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,581.70
Annual Debt Service$858,980.44
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