Kevin Nassimi Of Nassimi Realty Purchases Retail Property From Pinetree In Chicago For $9.25M
SOLD
$9,250,000
Illinois
See Similar DealsRetail100,000 SF
Sold 09/13/2024
SOLD
Kevin Nassimi Of Nassimi Realty Purchases Retail Property From Pinetree In Chicago For $9.25M
555 West Roosevelt Road
See Similar DealsRetail100,000 SF
Sold 09/13/2024
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$92
Total Square Footage:100,000 SF
Transaction Type:Sale
The retail asset located at 555 West Roosevelt Road in Chicago was sold for $9,250,000. The property spans 100,000 square feet and the price per square foot stands at $92.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,250,000
- Address: 555 West Roosevelt Road
- Market: Chicago
- Square Footage: 100,000
- Price Per Square Foot: $92
- Buyer: Kevin Nassimi - Nassimi Realty
- Seller: Pinetree
This transaction involved Kevin Nassimi representing Nassimi Realty, which has previously engaged in transactions with Pinetree, indicating a continuing business relationship between the parties.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$493,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,863.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,849.72
Annual Debt Service$526,196.63
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