Taylor Excavating & Construction Inc. Purchases 18000 SF Property At 3228 S Wood St In Chicago
3228 S Wood St, Chicago, IL, 60608
Building Size
18,000 SF
Asset Type
Warehouse
Closing
Nov 20, 2023
AI
An 18,000-square-foot warehouse located at 3228 S. Wood St. in Chicago has been sold. The property features a securely fenced lot and includes office space, situated on 1.5 acres. This facility is positioned near I-55, between the Pilsen and stockyards corridors.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: Undisclosed
- Address: 3228 S Wood St, Chicago, IL, 60608
- Market: Chicago
- Seller: SES Equipment Services
- Buyer: Taylor Excavating & Construction Inc.
- Seller's Representative: Frank Melchert-Cawley, Cawley Chicago
- Broker: Stevan Arandjelovic, Cawley Chicago
Frank Melchert and Stevan Arandjelovic of Cawley Chicago represented the seller, SES Equipment Services, while procuring the buyer, Taylor Excavating & Construction Inc.
Players
Chicago Warehouse Market Snapshot
Boundary boundary · Warehouse · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93