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
$6,800,000
$83/SF
Building Size
81,700 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
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.
On the Map
$6,800,000
$83/SF
Retail
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Players
Chicago Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93