Marcus & Millichap Sells Chicago Retail Property For $3.7M With Mitchell Kiven & Dean Giannakopoulos
3730 N Southport Ave, Chicago, IL 60613, Estados Unidos
$3,700,000
$616/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Aug 6, 2020
About this deal
AI
The retail property located at 3730 North Southport Avenue in Chicago has been sold for a price of $3,700,000. The property spans 6,000 square feet, resulting in a price per square foot of $616. The transaction was facilitated by Marcus & Millichap, with Mitchell Kiven and Dean Giannakopoulos representing the parties involved.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,700,000
- Square Footage: 6,000
- Price Per Square Foot: $616
- Address: 3730 North Southport Avenue, Chicago
- Brokers: Mitchell Kiven & Dean Giannakopoulos - Marcus & Millichap
This transaction highlights the successful collaboration between Mitchell Kiven, Dean Giannakopoulos, and Marcus & Millichap. Their expertise and negotiation skills played a crucial role in the sale of the retail property at 3730 North Southport Avenue. The deal reflects a significant achievement in the Chicago market, showcasing the value and potential of retail properties in the area.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93