Coldwell Banker Commercial Acquires Special Purpose Property In Uptown, Chicago
SOLD
$2,000,000
+ 1
Illinois
See Similar DealsSpecial Purpose50,000 SF
Sold 10/21/2022
SOLD
Coldwell Banker Commercial Acquires Special Purpose Property In Uptown, Chicago
941 West Lawrence Avenue
See Similar DealsSpecial Purpose50,000 SF
Sold 10/21/2022
+ 1
Summary
ILLINOIS
Asset Type:Special Purpose
Price Per Square Foot:$40
Total Square Footage:50,000 SF
Transaction Type:Sale
The special purpose property located at 941 W Lawrence Ave in Uptown, Chicago has been sold in a recent transaction. The property spans an area of 50,000 square feet and was sold for a total price of $2,000,000, resulting in a price per square foot of $40.
Summary of transation details
- Property Type: Special Purpose
- Transaction Amount: $2,000,000
- Address: 941 W Lawrence Ave, Uptown, Chicago
- Market: Uptown, Chicago
The buyer's representatives in this deal were James Hodur and Ben Miotti from Coldwell Banker Commercial. On the other hand, David Kimball and Jay Beadle represented the seller, MB Real Estate Services Inc.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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