facebook
Traded Co logo
Submit

FCA Purchases 81700 SF Property At 2525 N Elston Ave Chicago For $6.8M With José Colón As Buyer's Rep

Property Image
SOLD
$6,800,000

Illinois

See Similar Deals
Retail81,700 SF
the dealplayerscompscontact
Property Image
SOLD

FCA Purchases 81700 SF Property At 2525 N Elston Ave Chicago For $6.8M With José Colón As Buyer's Rep

2525 N Elston Ave, Chicago, IL, 60647

See Similar Deals
Retail81,700 SF
Contact now

Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$83
Total Square Footage:81,700 SF
Transaction Type:Sale

A retail building was sold in Chicago's Elston corridor, located at 2525 N Elston Ave, Chicago, IL 60647. The property, encompassing 81,700 square feet and situated on 1.5 acres, has a transaction price of $6,800,000.00. The tenants include Artsupply.com and Johnstone Supply, indicating a stable occupancy.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6,800,000.00
  • Address: 2525 N Elston Ave, Chicago, IL, 60647
  • Market: Chicago
  • Square Footage: 81,700
  • Buyer: FCA
  • Buyer's Representative: José Colón (Jameson Commercial Real Estate)

This transaction involved investment groups based in the Chicago area. José Colón acted as the representative for the buyer, facilitating the sale through Jameson Commercial Real Estate. The presence of established tenants further supports the investment profile of the property.

Players

José Colón
2 deals$9.6M volume(312) 675-4334
BROKER

FCA
BUYER

Details

SOLD
IMAGE: 2525 N Elston Ave, Chicago, IL, 60647 MARKET: Chicago BUYER'S REP: José Colón(Jameson Commercial Real Estate) BUYER: FCA SELLER: PRICE: $6,800,000.00 SF: 81700

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$362,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63