Brewster Hague - Greenstone Partners Sells Irving Park Office Building For $2.05M
3914-3920 W. Irving Park Rd
$2,050,000
Building Size
—
Asset Type
—
Closing
Sep 8, 2022
About this deal
AI
The property asset involved in the transaction is an office located at 3914-3920 W. Irving Park Rd in the Irving Park market of Chicago. The sale price for this asset was $2,050,000, with a total square footage of 17,260, resulting in a price per square foot of $119.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,050,000
- Address: 3914-3920 W. Irving Park Rd
- Market: Irving Park, Chicago
- Square Footage: 17,260
- Price Per Square Foot: $119
Brewster Hague from Greenstone Partners represented the seller in this transaction, playing a crucial role in the deal's facilitation. The involvement of this brokerage reflects the professional network surrounding the property marketplace in the area.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93