James Daughrity Acquires Retail Property In South Chicago For $5.2M
6900 South Ashland Avenue, Chicago, Illinois 60636, United States
$5,200,000
$141/SF
Building Size
36,864 SF
Asset Type
Retail
Closing
Dec 22, 2021
AI
The property involved in this transaction is a retail asset located at 6900-6940 S Ashland in the South Chicago market. The sale took place on 12/22/2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,200,000
- Address: 6900-6940 S Ashland
- Square Footage: 36,864 SF
- Market: South Chicago
The buyer's representative in this deal was James Daughrity from Daughrity Real Estate, while the seller's representative was Steven Maher from Kinzie Real Estate Group.
The property was listed with an asking price of $5,700,000 and was sold for $5,200,000. The price per square foot was $141.
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93