David Lukes Of Curbline Properties Acquires Clybourn Center Retail Strip In Chicago For $18M
2073 North Clybourn Avenue
$18,000,000
$543/SF
Building Size
33,140 SF
Asset Type
Retail
Closing
Jul 2, 2026
AI
The property asset involved in this transaction is a retail strip center located at 2029-2073 North Clybourn Avenue in Chicago, IL. The sale price for the asset was $18 million. It encompasses a total square footage of 33,140 and has a price per square foot of $543. At the time of closing, the property was 91.2% leased.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,000,000
- Address: 2029-2073 North Clybourn Avenue
- Market: Chicago, IL
- Square Footage: 33,140
- Price per Square Foot: $543
- Buyer: David Lukes - Curbline Properties
- Seller's Representatives: Michael Nieder & Brian Page - JLL
Key individuals involved in the transaction include David Lukes, representing the buyer, Curbline Properties. The seller was represented by brokers Michael Nieder and Brian Page from JLL, who facilitated the deal.
Players
Avon 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93