Greenstone Partners Broker Sale Of Retail Property Fully Leased To Chipotle And Playa Bowls For $3.3M
1735 North Damen Avenue
$3,300,000
$695/SF
Building Size
4,747 SF
Asset Type
Retail
Closing
Mar 7, 2025
About this deal
AI
A retail property located at 1735 North Damen Avenue in Chicago was sold for $3,300,000. The property encompasses 4,747 square feet, translating to a price per square foot of $695. It is situated in the Chicago market and is fully leased to Chipotle and Playa Bowls.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,300,000
- Square Footage: 4,747
- Price Per Square Foot: $695
- Lease Details: Chipotle renewed its lease through at least 2029; Playa Bowls signed a 10-year lease
The sale was brokered by Brewster Hague and Danny Spitz, both representing Greenstone Partners. Details about the buyer remain undisclosed.
On the Map
$3,300,000
$695/SF
Retail
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93