Robert Sekula & Eric Turrin Of North Park Ventures Purchase Retail Asset From Citibank For $9.17M
6418 North Sheridan Road
$9,169,000
$305/SF
Building Size
30,000 SF
Asset Type
Retail
Closing
Sep 21, 2025
AI
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
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
1.73%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93