Sterling Organiztion Acquires Retail Property In Chicago For $18.2M
5240 North Pulaski Road, Chicago, Illinois 60630, United States
$18,200,000
$208/SF
Building Size
87,500 SF
Asset Type
Retail
Closing
Mar 9, 2022
About this deal
AI
The retail property located at 5240 N. Pulaski Rd in Chicago has been sold. The transaction took place on 03/10/2022, with the buyer being Sterling Organiztion, represented by Jordan Fried. The seller in this deal was Canada Sun Life Assurance. The property spans an area of 87,500 square feet and was sold for a total price of $18,200,000, resulting in a price per square foot of $208.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,200,000
The deal was facilitated by George Good and Christian Williams from CBRE, who represented both the buyer and the seller.
On the Map
$18,200,000
$208/SF
Retail
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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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93