Sterling Organiztion Acquires Retail Property In Chicago For $18.2M
SOLD
$18,200,000
Illinois
See Similar DealsRetail87,500 SF
Sold 03/10/2022
SOLD
Sterling Organiztion Acquires Retail Property In Chicago For $18.2M
5240 North Pulaski Road, Chicago, Illinois 60630, United States
See Similar DealsRetail87,500 SF
Sold 03/10/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$208
Total Square Footage:87,500 SF
Transaction Type:Sale
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.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$970,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$64,660.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,277.29
Annual Debt Service$1,035,327.42
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