State Teachers Retirement System Of Ohio Acquires Property At 201 N Clark St In Chicago
201 N Clark St, Chicago, IL, 60601
Building Size
52,034 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 201 N Clark St, Chicago, IL, 60601, within the Chicago market. It has a total square footage of 52,034.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: Not disclosed
- Address: 201 N Clark St, Chicago, IL, 60601
- Market: Chicago
- Square Footage: 52,034
- Buyer: State Teachers Retirement System of Ohio
- Seller's Representatives: Keely Polczynski, Marcello Campanini (CBRE)
This transaction highlights the involvement of Keely Polczynski and Marcello Campanini as representatives for the seller, both associated with CBRE. The buyer in this transaction is the State Teachers Retirement System of Ohio.
On the Map
Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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