Exan Capital Acquires Retail Property On Chicago's N. Elston Ave. For $13.1M
SOLD
$13,100,000
Illinois
See Similar DealsRetail31,700 SF
Sold 09/29/2021
SOLD
Exan Capital Acquires Retail Property On Chicago's N. Elston Ave. For $13.1M
3059 North Elston Avenue, Chicago, IL 60618
See Similar DealsRetail31,700 SF
Sold 09/29/2021
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$413
Total Square Footage:31,700 SF
Transaction Type:Sale
The retail property located at 3059-3057 N. Elston Ave. in Chicago has been sold for a total price of $13,100,000. The property spans across 31,700 square feet, resulting in a price per square foot of $413. The transaction took place on September 29, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $13,100,000
- Address: 3059-3057 N. Elston Ave., Chicago
- Market: Chicago
- Buyer: Exan Capital
- Brokers: Michael Marks, Evan Halkias, and Eric Cline - Cushman & Wakefield
Exan Capital is the buyer of this retail property. The deal was facilitated by brokers Michael Marks, Evan Halkias, and Eric Cline from Cushman & Wakefield. They represented the buyer in the transaction.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$698,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,541.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,100.68
Annual Debt Service$745,208.20
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