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FCA Purchases Property At 2274 N Milwaukee Ave Chicago For $4,099,999 With Seller's Rep Greg Dietz

Property Image
SOLD
$4,099,999
Patrick Forkin
Greg Dietz

Illinois

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Retail9,801 SF
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Property Image
SOLD

FCA Purchases Property At 2274 N Milwaukee Ave Chicago For $4,099,999 With Seller's Rep Greg Dietz

2274 N Milwaukee Ave, Chicago, IL, 60647

See Similar Deals
Retail9,801 SF
Patrick Forkin
Greg Dietz
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$418
Total Square Footage:9,801 SF
Transaction Type:Sale

The retail property located at 2274 N Milwaukee Ave, Chicago, IL, was sold for $4,099,999.00. The building has a total square footage of 9,801 and is situated in the Chicago market, specifically in the Logan Square neighborhood. This property is currently leased by Family Dollar.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,099,999.00
  • Address: 2274-2282 N Milwaukee Ave, Chicago, IL
  • Market: Chicago
  • Cap Rate: 4.8%
  • Buyer: FCA
  • Seller's Representative: Greg Dietz
  • Brokerage: Baum Realty Group LLC

In this transaction, Greg Dietz, Danny Spitz, and Patrick Forkin represented the undisclosed seller. The acquisition was made by a family office buyer. Notably, the 4.8 percent cap rate is recorded as the lowest for a single-tenant Family Dollar property nationwide.

Players

Greg Dietz
Greg Dietz
3 deals$12.8M volume
BROKER
Patrick Forkin
Matthews
Patrick Forkin
8 deals$66.7M volume(872) 256-1031
BROKER
FCA
FCA
BUYER

Details

SOLD
IMAGE: 2274 N Milwaukee Ave, Chicago, IL, 60647 MARKET: Chicago SELLER'S REP: Greg Dietz BUYER: FCA SELLER: PRICE: $4,099,999.00 SF: 9801

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$218,666.61

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,566.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.04