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Robert Sekula & Eric Turrin Of North Park Ventures Purchase Retail Asset From Citibank For $9.17M

Property Image
SOLD
$9,169,000

Illinois

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Retail30,000 SF
Sold 09/22/2025
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Property Image
SOLD

Robert Sekula & Eric Turrin Of North Park Ventures Purchase Retail Asset From Citibank For $9.17M

6418 North Sheridan Road

See Similar Deals
Retail30,000 SF
Sold 09/22/2025
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$305
Total Square Footage:30,000 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 6418 North Sheridan Road in Chicago, classified as retail. The sale price was $9,169,000 for a square footage of 30,000, resulting in a price per square foot of $305.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $9,169,000
  • Address: 6418 North Sheridan Road
  • Market: Chicago
  • Square Footage: 30,000
  • Price per Square Foot: $305
  • Buyer: Robert Sekula & Eric Turrin - North Park Ventures
  • Seller: Citibank
  • Buyer's Representative: Chuck Dickstein - Quadrel Realty Group

This transaction involved Robert Sekula and Eric Turrin acting as the buyers, representing North Park Ventures. The transaction was facilitated by Chuck Dickstein from Quadrel Realty Group, who represented the buyers throughout the deal.

Players

Chuck Dickstein
Quadrel Realty Group
Chuck Dickstein
2 deals$11.7M volume(847) 651-1470
BROKER
NV
North Park Ventures
BUYER
NV
North Park Ventures
BUYER
Citibank
Citibank
SELLER

Details

SOLD
IMAGE: Chuck Dickstein, Robert Sekula & Eric Turrin DATE: 09/22/2025 ADDRESS: 6418 North Sheridan Road MARKET: Chicago ASSET TYPE: Retail BUYER: Robert Sekula & Eric Turrin - North Park Ventures (@NorthParkVentures) SELLER: Citibank (@CitiBank) BUYER'S REP: Chuck Dickstein (@Chuq_D) - Quadrel Realty Group SALE PRICE: $9,169,000 SF: 30,000 ~ PPSF: $305

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$489,013.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,575.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,465.74
Annual Debt Service$521,588.85