Coldwell Banker Commercial Acquires Special Purpose Property In Uptown, Chicago
941 West Lawrence Avenue
$2,000,000
$40/SF
Building Size
50,000 SF
Asset Type
Special Purpose
Closing
Oct 21, 2022
AI
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
Chicago Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93