Marcus & Millichap Brokers Sell Retail Property In Chicago For $2.1M
3920 West 79th Street
$2,121,000
$152/SF
Building Size
13,905 SF
Asset Type
Retail
Closing
Oct 12, 2020
AI
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.
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
7.48%
Cash-on-Cash
-2.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93