Marcus & Millichap Brokers Sell Retail Property In Chicago For $2.1M
SOLD
$2,121,000
Illinois
See Similar DealsRetail13,905 SF
Sold
SOLD
Marcus & Millichap Brokers Sell Retail Property In Chicago For $2.1M
3920 West 79th Street
See Similar DealsRetail13,905 SF
Sold
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$152
Total Square Footage:13905 SF
Transaction Type:Sale
A retail property located at 3920 West 79th Street in Chicago was recently sold for a total price of $2,121,000. The property spans across 13,905 square feet, resulting in a price per square foot of $153. The transaction took place on October 12, 2020.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,121,000
- Address: 3920 West 79th Street, Chicago
- Market: Chicago
- Square footage: 13,905
- Price per square foot: $153
The sale of this retail property was facilitated by the brokers David G. Bradley, Brian Parmacek, and Luke Kingsbury from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$113,119.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,535.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,054.62
Annual Debt Service$120,655.47
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