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201 N Clark St, Chicago, IL...

State Teachers Retirement System Of Ohio Acquires Property At 201 N Clark St In Chicago
SOLD

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

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:

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.

Players

Keely Polczynski

Newmark

Broker

$402M

vol

10 deals

Broker
State Teachers Retirement System of Ohio
State Teachers Retirement System of OhioBuyer

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