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3059 North Elston Avenue, C...

Exan Capital Acquires Retail Property On Chicago's N. Elston Ave. For $13.1M
SOLDRetail

Exan Capital Acquires Retail Property On Chicago's N. Elston Ave. For $13.1M

3059 North Elston Avenue, Chicago, IL 60618

$13,100,000

$413/SF

Building Size

31,700 SF

Asset Type

Retail

Closing

Sep 29, 2021

AI

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

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

Eric Cline

Broker

$21.9M

vol

3 deals

Broker
EC
Exan CapitalBuyer

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

1.21%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93