Sterling Organization Acquires Retail Property In Chicago For $18.25M
Foster Avenue, Chicago, Illinois 60656, United States
$18,250,000
$209/SF
Building Size
87,274 SF
Asset Type
Retail
Closing
Mar 21, 2022
AI
The retail property located at the NWC North Pulaski & Foster Ave in Chicago has been sold. The transaction took place on March 22, 2022, with a sale price of $18,250,000. The property spans across 87,274 square feet, resulting in a price per square foot of $209.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $18,250,000
- Address: NWC North Pulaski & Foster Ave, Chicago
- Market: Chicago
The buyer in this transaction was Sterling Organization, represented by Brian Kosoy and Jordan Fried. The sale was facilitated by CBRE and SunLife/BentallGreenOak as the brokers involved.
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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93