GW Property Group Sells Retail Property In Chicago For $5.9M With Brokers Alex Sharrin, Alex Geanakos & Truman Tiernan - JLL
SOLD
$5,900,000
Illinois
See Similar DealsRetail3,000 SF
Sold 09/30/2020
SOLD
GW Property Group Sells Retail Property In Chicago For $5.9M With Brokers Alex Sharrin, Alex Geanakos & Truman Tiernan - JLL
3159 North Clybourn Avenue, Chicago, IL 60618, USA
See Similar DealsRetail3,000 SF
Sold 09/30/2020
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$1,966
Total Square Footage:3,000 SF
Transaction Type:Sale
A retail property located at 3159 North Clybourn Avenue in Chicago has been sold for $5,900,000. The property spans 3,000 square feet, resulting in a price per square foot of $1,966. The transaction took place on September 30, 2020. The seller of the property was GW Property Group.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $5,900,000
- Address: 3159 North Clybourn Avenue
- Market: Chicago
- Size: 3,000 square feet
- Price per Square Foot: $1,966
The sale of this retail property was facilitated by Alex Sharrin, Alex Geanakos, and Truman Tiernan, who represent JLL. They acted as brokers in the deal.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12
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