Marcus & Millichap Brokers Sell Retail Property In Chicago For $2.7M
6600 West North Avenue, Chicago, IL, USA
$2,698,075
$191/SF
Building Size
14,071 SF
Asset Type
Retail
Closing
Aug 3, 2020
About this deal
AI
Located at 6600 West North Avenue in Chicago, this retail property was recently sold for $2,698,075. With a total square footage of 14,071, the property boasts a price per square foot of $192. The transaction took place on 08/04/2020 and was facilitated by Marcus & Millichap, with brokers Steven D. Weinstock, Sean R. Sharko, Austin Weisenbeck, and Adrian Mendoza representing the parties involved.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,698,075
- Address: 6600 West North Avenue, Chicago
- Market: Chicago
- Square Footage: 14,071
- Price Per Square Foot: $192
With the assistance of Marcus & Millichap, brokers Steven D. Weinstock, Sean R. Sharko, Austin Weisenbeck, and Adrian Mendoza successfully facilitated the sale of this retail property on behalf of the parties involved. Their expertise and negotiation skills played a crucial role in ensuring a smooth and successful transaction.
Players
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93