Adrian Madero Acquires Retail Property At 3120 West 26th Street In Chicago For $1.875M
3120 West 26th Street
$1,875,000
$250/SF
Building Size
7,500 SF
Asset Type
Retail
Closing
Oct 4, 2024
About this deal
AI
The retail property located at 3120 West 26th Street in Chicago has a sale price of $1,875,000. The asset covers 7,500 square feet, resulting in a price per square foot of $250.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,875,000
- Address: 3120 West 26th Street
- Market: Chicago
- Square Footage: 7,500
- Price per Square Foot: $250
- Buyer: Adrian Madero
- Broker: Mehdi Mova - Compass
Adrian Madero acted as the buyer in this transaction, while Mehdi Mova represented the buyer through Compass brokerage, facilitating the deal's completion.
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
8.46%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93