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3159 North Clybourn Avenue,...

GW Property Group Sells Retail Property In Chicago For $5.9M With Brokers Alex Sharrin, Alex Geanakos & Truman Tiernan - JLL
SOLDRetail

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

$5,900,000

$1,966/SF

Building Size

3,000 SF

Asset Type

Retail

Closing

Sep 29, 2020

AI

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

Alex Geanakos

JLL

Broker

$148.3M

vol

13 deals

Broker
PG
Property GroupSeller

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

2.69%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93