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660 North Wells Street

CBRE Brokers Sale Of 660 North Wells Street Retail Property To Azora Private Solutions
SOLDRetail

CBRE Brokers Sale Of 660 North Wells Street Retail Property To Azora Private Solutions

660 North Wells Street

Building Size

13,125 SF

Asset Type

Retail

Closing

Oct 31, 2025

AI

660 North Wells Street is a retail property located in Chicago's River North market, encompassing a total square footage of 13,125. This property has recently changed ownership for the first time in over 40 years.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 660 North Wells Street
  • Market: Chicago
  • Square Footage: 13,125
  • Buyer: Azora Private Solutions
  • Seller: Private seller
  • Brokers: Dominic Soltero & Tom Svoboda - CBRE
  • Date of Transaction: 10/31/2025

The sale was brokered by CBRE's Dominic Soltero and Tom Svoboda, who represented the private seller in this transaction involving an international buyer. This deal highlights the continuous interest in retail properties within prime urban locations.

Players

Dominic Soltero

CBRE

Broker

$4.6M

vol

3 deals

Broker
CBRE
CBREBrokerage

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93