CBRE Represents Buyer In $3.5M Retail Property Sale On West Washington St
496 West Washington Street, Chicago, IL 60606, USA & 496 West Washington Street, Chicago, IL 60606, USA
$3,500,000
$399/SF
Building Size
4,380 SF
Asset Type
Retail
Closing
Aug 26, 2020
About this deal
AI
The retail property located at 496 West Washington Street in East Peoria has been sold for $3,500,000. The transaction took place on August 27, 2020. The property spans 4,380 square feet and has a price per square foot of $799. The seller of the property was Cullinan Properties Ltd.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,500,000
- Address: 496 West Washington Street
- Market: East Peoria
- Square Footage: 4,380
- Price per Square Foot: $799
The buyer's representative in this deal was David Rush from CBRE, while the seller was represented by Jeff Lefko and Bill Asher from Hanley Investment Group Real Estate.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93