Tishman Speyer Secures $26M Loan For Mixed-Use Property In Fulton Market, Chicago
320 North Sangamon Street, Chicago, Illinois 60607, United States
$26,000,000
$96/SF
Building Size
270,000 SF
Asset Type
Mixed-use
Closing
May 15, 2022
About this deal
AI
A mixed-use property located at 320 North Sangamon Street in Fulton Market, Chicago has undergone a recent transaction. The property spans an area of 270,000 square feet and is part of the vibrant Fulton Market market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $26,000,000
- Market: Fulton Market, Chicago
- Address: 320 North Sangamon Street
The loan for this transaction was provided by Wells Fargo. The lender agreed to provide a loan amount of $26,000,000. On the other hand, Tishman Speyer, represented by Rob Speyer, acted as the landlord in this deal.
Players
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Visit Rob Speyer to view all their deals.
Browse Illinois mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93