offering realty memorandum memorandum chicago, il · 2019-01-25 · offering realty one chicago...
TRANSCRIPT
REALTY
One Chicago
Offering
Memorandum
1355-1369
N Sedgwick
Chicago, IL 60614
Development Opportunity
One Chicago Realty
903 Commerce Drive Oak Brook, IL 60523
Cell: (312) 286-9482 Main: (630) 474-5312
www.OneChicagoRealty.com
RESTAURANTINVESTMENTOPPORTUNITY
OFFERINGMEMORANDUM
737NLASALLECHICAGO,IL
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PHOTOS
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SUMMARYPropertyDescripFonOneChicagoRealty,LLChasbeenExclusivelyengagedtomarket737NLaSalleDriveforsale.ThisrestaurantislocateddirectlyoffChicago’sfamousLaSalleDrive.Itcurrentlyfeatures2floorsofthewell-knownCaféIbericoRestaurantwithatotalof7,400squarefeet.Theelevatorbuildingprovidesfivefloorstotaling18,500SF.Thethirdfloorisusedforrestaurantstorage.Fourthfloorhasofficesand3separateensuites.Thebasementisusedforaddi_onalstorage,restaurantemployeeslockers,foodandliquor.Thebackofthepropertyhosts8carparkingforemployeemanagement.737NLaSalleDriveislocatedinthebustlingRiverNorthNeighborhood.JustacrosstheChicagoRiverfromtheLoop,RiverNorthisanurbanneighborhoodwhereyou'llfindawell-establishedcenterfortheartcommunitybrimmingwithgalleries,produc_oncompanies,photographystudiosandinteriordesignbusinesses,aswellassomeofChicago'smostfamousarchitecture.Aneweraddi_ontotheneighborhood,theTrumpHotel&Towerservesasaculinarysiteaswellasthehometosomeofthemostgorgeouscondosinthecity.Inaddi_ontoit’soutstandingarchitecture,RiverNorthofferssomeofthebestrestaurantcuisineofferedinChicago.SpecificsZoning: DX-7BuildingSquareFootage: 18,500 LandSquareFootage: 4,825AddiFonalPropertyBenefits/ConsideraFons737NLaSalleDriveiscurrentlyzonedDX-7(officeorapartmentsandretail),allowingforanumberofpossibili_esforredevelopment.
AskingPrice: $9,000,000
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"TheinformaFondisclosedinthisOfferingMemorandumisbeingfurnishedtotheRecipientsolelyfortheRecipient'sownuseinconsideringwhethertoacquirethereferencedproperty.TheinformaFoncontainedhereindoesnotpurporttobeall-inclusivenordoesitpurporttocontainalloftheinformaFonwhichaprospecFvepurchasermaydesire.NeithertheOwner,OCR,noranyoftheirrespecFvepartners,officers,employeesoragentsmakesanyrepresentaFonorwarrantyexpressedorimpliedastotheaccuracyorcompletenessofthisOfferingMemorandumoranyofitscontentsandnolegalliabilityisassumedorshallbeimpliedwithrespectthereto."
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INCOMEANALYSISRESTAURANTLEASEBACKBuildingSalePrice: $9,000,000RestaurantLeaseTerm: 10Yearswith(2)5YearExtensionsLeaseType: NNNRestaurantLeaseIncome/NOI: $500,000CAPRate: 5.5%
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INCOMEANALYSIS2RESTAURANTLEASEBACKANDAPARTMENTREPURPOSEBuildingSalePrice: $9,000,000RestaurantLeaseBack(floors1-3): 10Years(NNN)RestaurantIncome: $360,0007ApartmentUnits(floors4-5): $3,000/month/unit7ApartmentUnits/Annually: $252,000 ParkingIncome(6Spots@$200/ea): $14,400ApartmentExpenses: $63,000 NetOpera_ngIncome: $563,400CAPRate: 6.3%
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RESTAURANTREVIEWS:“I'mobsessed.Everythingisdeliciousandtheplaceisreasonablypriced.Ithasareallyfunvibeidealforgroupsoffriends.“
- YelpReview“BestSpanishfoodI'vehadsincelivinginMadrid.ThepricesarenotcrazylikemostSpanishrestaurantsandthefoodisauthen_candtasty.Alsotheatmosphereisfun.“
-YelpReview“Everydayisaparty”atthis“bustling,boisterous”RiverNorth“tapasstandard”,“afavoriteforlargegroups”seekinga“wideselec_on”of“well-crared”“authen_c”Spanishplatesbolsteredby“amazingsangria”…..“affordable”tabsensureit'sa“must.”
-ZAGAT
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RESTAURANTMARKETPOTENTIAL
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Restaurant Market Potential737 N LaSalle Dr, Chicago, Illinois, 60654 Prepared by EsriRing: 0.25 mile radius Latitude: 41.89608
Longitude: -87.63266
Demographic Summary 2016 2021Population 7,812 8,125Population 18+ 7,469 7,741Households 4,781 5,020Median Household Income $79,808 $89,457
Expected Number of Product/Consumer Behavior Adults Percent MPI
Went to family restaurant/steak house in last 6 mo 5,309 71.1% 95Went to family restaurant/steak house 4+ times/mo 1,783 23.9% 87Spent at family rest/steak hse last 6 months: <$31 468 6.3% 88Spent at family rest/steak hse last 6 months: $31-50 546 7.3% 89Spent at family rest/steak hse last 6 months: $51-100 1,186 15.9% 105Spent at family rest/steak hse last 6 months: $101-200 1,026 13.7% 115Spent at family rest/steak hse last 6 months: $201-300 301 4.0% 74Spent at family rest/steak hse last 6 months: $301+ 576 7.7% 105Family restaurant/steak house last 6 months: breakfast 893 12.0% 95Family restaurant/steak house last 6 months: lunch 1,492 20.0% 106Family restaurant/steak house last 6 months: dinner 3,307 44.3% 95Family restaurant/steak house last 6 months: snack 214 2.9% 150Family restaurant/steak house last 6 months: weekday 2,121 28.4% 93Family restaurant/steak house last 6 months: weekend 3,131 41.9% 102Fam rest/steak hse/6 months: Applebee`s 1,493 20.0% 85Fam rest/steak hse/6 months: Bob Evans Farms 146 2.0% 53Fam rest/steak hse/6 months: Buffalo Wild Wings 637 8.5% 100Fam rest/steak hse/6 months: California Pizza Kitchen 648 8.7% 258Fam rest/steak hse/6 months: Carrabba`s Italian Grill 123 1.6% 53Fam rest/steak hse/6 months: The Cheesecake Factory 724 9.7% 149Fam rest/steak hse/6 months: Chili`s Grill & Bar 1,014 13.6% 112Fam rest/steak hse/6 months: CiCi`s Pizza 240 3.2% 82Fam rest/steak hse/6 months: Cracker Barrel 439 5.9% 58Fam rest/steak hse/6 months: Denny`s 667 8.9% 97Fam rest/steak hse/6 months: Golden Corral 337 4.5% 56Fam rest/steak hse/6 months: IHOP 815 10.9% 97Fam rest/steak hse/6 months: Logan`s Roadhouse 107 1.4% 42Fam rest/steak hse/6 months: LongHorn Steakhouse 167 2.2% 47Fam rest/steak hse/6 months: Old Country Buffet 78 1.0% 60Fam rest/steak hse/6 months: Olive Garden 1,219 16.3% 94Fam rest/steak hse/6 months: Outback Steakhouse 749 10.0% 106Fam rest/steak hse/6 months: Red Lobster 682 9.1% 76Fam rest/steak hse/6 months: Red Robin 547 7.3% 120Fam rest/steak hse/6 months: Ruby Tuesday 366 4.9% 81Fam rest/steak hse/6 months: Texas Roadhouse 511 6.8% 90Fam rest/steak hse/6 months: T.G.I. Friday`s 489 6.5% 87Fam rest/steak hse/6 months: Waffle House 474 6.3% 120Went to fast food/drive-in restaurant in last 6 mo 6,675 89.4% 99Went to fast food/drive-in restaurant 9+ times/mo 3,028 40.5% 103Spent at fast food/drive-in last 6 months: <$11 310 4.2% 97Spent at fast food/drive-in last 6 months: $11-$20 447 6.0% 81Spent at fast food/drive-in last 6 months: $21-$40 811 10.9% 92Spent at fast food/drive-in last 6 months: $41-$50 718 9.6% 127Spent at fast food/drive-in last 6 months: $51-$100 1,183 15.8% 95Spent at fast food/drive-in last 6 months: $101-$200 971 13.0% 108Spent at fast food/drive-in last 6 months: $201+ 1,030 13.8% 114
Data Note: An MPI (Market Potential Index) measures the relative likelihood of the adults in the specified trade area to exhibit certain consumer behavior or purchasing patterns compared to the U.S. An MPI of 100 represents the U.S. average.Source: These data are based upon national propensities to use various products and services, applied to local demographic composition. Usage data were collected by GfK MRI in a nationally representative survey of U.S. households. Esri forecasts for 2016 and 2021.
June 09, 2017
©2016 Esri Page 1 of 9
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RESTAURANTMARKETPOTENTIAL
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Restaurant Market Potential737 N LaSalle Dr, Chicago, Illinois, 60654 Prepared by EsriRing: 0.25 mile radius Latitude: 41.89608
Longitude: -87.63266
Went to fine dining restaurant last month 1,443 19.3% 172Went to fine dining restaurant 3+ times last month 615 8.2% 263Spent at fine dining rest in last 6 months: <$51 152 2.0% 100Spent at fine dining rest in last 6 months: $51-$100 286 3.8% 104Spent at fine dining rest in last 6 months: $101-$200 450 6.0% 163Spent at fine dining rest in last 6 months: $201+ 629 8.4% 213
Data Note: An MPI (Market Potential Index) measures the relative likelihood of the adults in the specified trade area to exhibit certain consumer behavior or purchasing patterns compared to the U.S. An MPI of 100 represents the U.S. average.Source: These data are based upon national propensities to use various products and services, applied to local demographic composition. Usage data were collected by GfK MRI in a nationally representative survey of U.S. households. Esri forecasts for 2016 and 2021.
June 09, 2017
©2016 Esri Page 3 of 9
Restaurant Market Potential737 N LaSalle Dr, Chicago, Illinois, 60654 Prepared by EsriRing: 0.25 mile radius Latitude: 41.89608
Longitude: -87.63266
Expected Number ofProduct/Consumer Behavior Adults Percent MPI
Fast food/drive-in last 6 months: eat in 2,588 34.6% 95Fast food/drive-in last 6 months: home delivery 765 10.2% 134Fast food/drive-in last 6 months: take-out/drive-thru 3,380 45.3% 98Fast food/drive-in last 6 months: take-out/walk-in 1,811 24.2% 125Fast food/drive-in last 6 months: breakfast 2,177 29.1% 90Fast food/drive-in last 6 months: lunch 3,760 50.3% 101Fast food/drive-in last 6 months: dinner 3,412 45.7% 103Fast food/drive-in last 6 months: snack 1,329 17.8% 147Fast food/drive-in last 6 months: weekday 4,387 58.7% 101Fast food/drive-in last 6 months: weekend 3,559 47.7% 104Fast food/drive-in last 6 months: A & W 94 1.3% 45Fast food/drive-in last 6 months: Arby`s 1,108 14.8% 93Fast food/drive-in last 6 months: Baskin-Robbins 314 4.2% 127Fast food/drive-in last 6 months: Boston Market 239 3.2% 94Fast food/drive-in last 6 months: Burger King 1,763 23.6% 78Fast food/drive-in last 6 months: Captain D`s 73 1.0% 29Fast food/drive-in last 6 months: Carl`s Jr. 371 5.0% 89Fast food/drive-in last 6 months: Checkers 263 3.5% 123Fast food/drive-in last 6 months: Chick-fil-A 1,706 22.8% 128Fast food/drive-in last 6 months: Chipotle Mex. Grill 1,267 17.0% 163Fast food/drive-in last 6 months: Chuck E. Cheese`s 186 2.5% 74Fast food/drive-in last 6 months: Church`s Fr. Chicken 100 1.3% 41Fast food/drive-in last 6 months: Cold Stone Creamery 350 4.7% 154Fast food/drive-in last 6 months: Dairy Queen 806 10.8% 76Fast food/drive-in last 6 months: Del Taco 285 3.8% 106Fast food/drive-in last 6 months: Domino`s Pizza 934 12.5% 106Fast food/drive-in last 6 months: Dunkin` Donuts 1,060 14.2% 120Fast food/drive-in last 6 months: Hardee`s 143 1.9% 33Fast food/drive-in last 6 months: Jack in the Box 720 9.6% 116Fast food/drive-in last 6 months: KFC 886 11.9% 56Fast food/drive-in last 6 months: Krispy Kreme 320 4.3% 93Fast food/drive-in last 6 months: Little Caesars 799 10.7% 94Fast food/drive-in last 6 months: Long John Silver`s 159 2.1% 42Fast food/drive-in last 6 months: McDonald`s 3,826 51.2% 93Went to Panda Express in last 6 months 570 7.6% 100Fast food/drive-in last 6 months: Panera Bread 962 12.9% 113Fast food/drive-in last 6 months: Papa John`s 795 10.6% 119Fast food/drive-in last 6 months: Papa Murphy`s 312 4.2% 99Fast food/drive-in last 6 months: Pizza Hut 1,244 16.7% 83Fast food/drive-in last 6 months: Popeyes Chicken 528 7.1% 91Fast food/drive-in last 6 months: Quiznos 418 5.6% 175Fast food/drive-in last 6 months: Sonic Drive-In 533 7.1% 69Fast food/drive-in last 6 months: Starbucks 2,153 28.8% 196Fast food/drive-in last 6 months: Steak `n Shake 258 3.5% 68Fast food/drive-in last 6 months: Subway 2,811 37.6% 116Fast food/drive-in last 6 months: Taco Bell 2,496 33.4% 108Fast food/drive-in last 6 months: Wendy`s 1,994 26.7% 96Fast food/drive-in last 6 months: Whataburger 223 3.0% 71Fast food/drive-in last 6 months: White Castle 128 1.7% 59
Data Note: An MPI (Market Potential Index) measures the relative likelihood of the adults in the specified trade area to exhibit certain consumer behavior or purchasing patterns compared to the U.S. An MPI of 100 represents the U.S. average.Source: These data are based upon national propensities to use various products and services, applied to local demographic composition. Usage data were collected by GfK MRI in a nationally representative survey of U.S. households. Esri forecasts for 2016 and 2021.
June 09, 2017
©2016 Esri Page 2 of 9
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DEMOGRAPHICANDINCOME
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Demographic and Income Profile737 N LaSalle Dr, Chicago, Illinois, 60654 Prepared by EsriRing: 0.25 mile radius Latitude: 41.89608
Longitude: -87.63266
Summary Census 2010 2016 2021Population 7,299 7,812 8,125Households 4,381 4,781 5,020Families 934 996 1,033Average Household Size 1.48 1.46 1.45Owner Occupied Housing Units 1,114 1,164 1,237Renter Occupied Housing Units 3,267 3,617 3,783Median Age 31.4 32.4 33.6
Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 0.79% 0.22% 0.84%Households 0.98% 0.21% 0.79%Families 0.73% 0.11% 0.72%Owner HHs 1.22% 0.15% 0.73%Median Household Income 2.31% 1.32% 1.89%
2016 2021 Households by Income Number Percent Number Percent
<$15,000 545 11.4% 547 10.9%$15,000 - $24,999 206 4.3% 199 4.0%$25,000 - $34,999 258 5.4% 399 7.9%$35,000 - $49,999 462 9.7% 322 6.4%$50,000 - $74,999 740 15.5% 572 11.4%$75,000 - $99,999 732 15.3% 731 14.6%$100,000 - $149,999 739 15.5% 921 18.3%$150,000 - $199,999 315 6.6% 404 8.0%$200,000+ 784 16.4% 927 18.5%
Median Household Income $79,808 $89,457Average Household Income $118,369 $130,748Per Capita Income $74,134 $82,099
Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent
0 - 4 160 2.2% 166 2.1% 175 2.2%5 - 9 55 0.8% 74 0.9% 104 1.3%10 - 14 49 0.7% 61 0.8% 64 0.8%15 - 19 265 3.6% 268 3.4% 266 3.3%20 - 24 1,280 17.5% 1,161 14.9% 1,018 12.5%25 - 34 2,493 34.2% 2,757 35.3% 2,800 34.5%35 - 44 828 11.3% 928 11.9% 1,179 14.5%45 - 54 789 10.8% 705 9.0% 654 8.1%55 - 64 688 9.4% 804 10.3% 771 9.5%65 - 74 357 4.9% 504 6.5% 655 8.1%75 - 84 242 3.3% 275 3.5% 321 4.0%
85+ 93 1.3% 110 1.4% 116 1.4%Census 2010 2016 2021
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 5,489 75.2% 5,759 73.7% 5,867 72.2%Black Alone 813 11.1% 771 9.9% 718 8.8%American Indian Alone 16 0.2% 15 0.2% 15 0.2%Asian Alone 720 9.9% 955 12.2% 1,168 14.4%Pacific Islander Alone 4 0.1% 4 0.1% 4 0.0%Some Other Race Alone 121 1.7% 140 1.8% 162 2.0%Two or More Races 137 1.9% 168 2.2% 191 2.4%
Hispanic Origin (Any Race) 420 5.8% 499 6.4% 584 7.2%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
June 09, 2017
©2016 Esri Page 1 of 6
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DEMOGRAPHICANDINCOME
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Demographic and Income Profile1140 N LaSalle Dr, Chicago, Illinois, 60610 Prepared by EsriRing: 0.25 mile radius Latitude: 41.90315
Longitude: -87.63296
AreaStateUSA
Trends 2016-2021Trends 2016-2021
Ann
ual R
ate
(in
perc
ent)
2.22
1.81.61.41.2
10.80.60.40.2
0Population Households Families Owner HHs Median HH Income
20162021
Population by AgePopulation by Age
Perc
ent
40
35
30
25
20
15
10
5
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2016 Household Income 2016 Household Income
<$15K16.7%
$15K - $24K7.1%
$25K - $34K6.1%
$35K - $49K9.1%
$50K - $74K15.5%
$75K - $99K14.1%
$100K - $149K13.7%
$150K - $199K6.6%
$200K+11.1%
2016 Population by Race2016 Population by Race
Perc
ent
70
60
50
40
30
20
10
0White Black Am. Ind. Asian Pacific Other Two+
2016 Percent Hispanic Origin: 6.5%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
June 15, 2017
©2016 Esri Page 2 of 6
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OFFICEBUILDINGSALESDATA
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1 219-221 W Chicago Ave - Mercedes Building SOLD
17-09-202-003-0000
Chicago, IL 60654Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$263.70$5,400,000 - Confirmed04/07/2016 (255 days on mkt) Bldg Type:
Year Built/Age:RBA:
-7.20%
Parcel No:
Confirmed
Class C OfficeLoft/Creative SpaceBuilt 1891 Age: 12520,478 SF
Cook County
Research Status:Sale Conditions: -Comp ID: 3619095
2 605 N Clark St - Rainforest Cafe SOLD
17-09-233-012-0000, 17-09-233-013-0000, 17-09-233-014-0000 [Partial List]
Chicago, IL 60654Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$636.36$14,000,000 - Confirmed07/13/2015 Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Confirmed
RetailRestaurantBuilt 1996 Age: 1922,000 SF
Cook County
Research Status:Sale Conditions: Investment Triple NetComp ID: 3341817
3 415 N Dearborn St SOLD
17-09-262-001-0000
Chicago, IL 60654Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$386.67$11,600,000 - Full Value04/22/2015 Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Full Value
Class C OfficeBuilt 1923 Age: 9230,000 SF
Cook County
Research Status:Sale Conditions: -Comp ID: 3292141
4 632 N Dearborn St - Castle Nightclub SOLD
17-09-226-008-0000, 17-09-226-014-0000
Chicago, IL 60654Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$515.00$15,450,000 - Full Value02/23/2017 Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Full Value
RetailFreestandingBuilt 1892 Age: 12530,000 SF
Cook County
Research Status:Sale Conditions: Bulk/Portfolio Sale, Redevelopment ProjectComp ID: 3853576
5 420 W Huron St SOLD
17-09-120-015-1001, 17-09-120-015-1002, 17-09-120-015-1003 [Partial List]
Chicago, IL 60654Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$168.51$5,210,000 - Confirmed05/19/2016 (266 days on mkt) Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Confirmed
Class C OfficeLoft/Creative SpaceBuilt 1929 Age: 8730,918 SF
Cook County
Research Status:Sale Conditions: -Comp ID: 3600063
6 303 W Institute Pl SOLD
17-04-444-013-0000
Chicago, IL 60610Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$255.96$7,500,000 - Confirmed03/13/2017 Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Confirmed
Class B OfficeLoft/Creative SpaceBuilt 1890 Renov 2017 Age: 12729,302 SF
Cook County
Research Status:Sale Conditions: Building in Shell ConditionComp ID: 3869096
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OFFICEBUILDINGSALESDATA
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7 500 N LaSalle St - Gino's East SOLD
17-09-245-014-0000
Chicago, IL 60654Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$408.05$7,100,000 - Confirmed12/11/2014 (140 days on mkt) Bldg Type:
Year Built/Age:RBA:
-5.92%
Parcel No:
Confirmed
RetailRestaurantBuilt 1889 Renov 2013 Age: 12517,400 SF
Cook County
Research Status:Sale Conditions: Investment Triple NetComp ID: 3183432
8 310 W Superior St SOLD
17-09-201-010-0000
Chicago, IL 60654Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$276.52$6,360,000 - Confirmed03/04/2016 (737 days on mkt) Bldg Type:
Year Built/Age:RBA:
-7.40%
Parcel No:
Confirmed
RetailHealth ClubBuilt 1890 Renov 2002 Age: 12623,000 SF
Cook County
Research Status:Sale Conditions: Sale LeasebackComp ID: 3561767
9 401 W Superior St SOLD
17-09-120-006-0000
Chicago, IL 60654Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$177.08$5,100,000 - Confirmed02/19/2016 (172 days on mkt) Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Confirmed
Class B OfficeLoft/Creative SpaceBuilt 1930 Renov 2006 Age: 8628,800 SF
Cook County
Research Status:Sale Conditions: -Comp ID: 3532435
10 400 N Wells St - Designers Bldg SOLD
17-09-258-015-0000, 17-09-258-016-0000
Chicago, IL 60654Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$365.38$9,500,000 - Confirmed01/08/2016 Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Confirmed
Class C OfficeBuilt 1930 Age: 8626,000 SF
Cook County
Research Status:Sale Conditions: Redevelopment ProjectComp ID: 3489198
11 611-613 N Wells St SOLD
17-09-231-002-0000
Chicago, IL 60654Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$279.49$5,925,000 - Confirmed04/10/2015 Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Confirmed
RetailStorefront Retail/ResidentialBuilt 1889 Age: 12621,199 SF
Cook County
Research Status:Sale Conditions: -Comp ID: 3301311
12 755 N Wells St SOLD
17-09-203-001-0000
Chicago, IL 60654Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$388.62$7,200,000 - Approximate01/16/2017 (223 days on mkt) Bldg Type:
Year Built/Age:RBA:
6.42%-
Parcel No:
Approximate
Class B OfficeBuilt 1970 Renov 1999 Age: 4718,527 SF
Cook County
Research Status:Sale Conditions: -Comp ID: 3810194
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PROPERTYTAXES
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PROPERTYTAXES
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FLOORPLANS:3BED/2.1BAH
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737NLaSalleDrive,Chicago,IL