SOLDRetail
The Boulder Group Facilitates $4.99M Sale Of Retail Property On South State Street In Chicago
520 S State St, Chicago, IL 60605, USA
$4,992,000
$568/SF
Building Size
8,781 SF
Asset Type
Retail
Closing
Sep 7, 2020
AI
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
Chicago Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.18%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93