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
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93