The Boulder Group Facilitates $4.99M Sale Of Retail Property On South State Street In Chicago
SOLD
$4,992,000
Illinois
See Similar DealsRetail8,781 SF
Sold 09/08/2020
SOLD
The Boulder Group Facilitates $4.99M Sale Of Retail Property On South State Street In Chicago
520 S State St, Chicago, IL 60605, USA
See Similar DealsRetail8,781 SF
Sold 09/08/2020
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$568
Total Square Footage:8,781 SF
Transaction Type:Sale
An $4,992,000 retail property located at 520 South State Street in Chicago has been sold. The property spans 8,781 square feet and was sold at a price of $568 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,992,000
- Address: 520 South State Street
- Market: Chicago
- Square Footage: 8,781
- Price per Square Foot: $568
- Brokers: Juan José Zaragoza – EXAN Group, Randy Blankstein, and Jimmy Goodman – The Boulder Group
The deal was facilitated by the brokers Juan José Zaragoza from EXAN Group and Randy Blankstein and Jimmy Goodman from The Boulder Group.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,239.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,735.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,664.63
Annual Debt Service$283,975.52
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