Sterling Bay's Fulton Market Mixed-Use Property Secures $206M Loan From Bank OZK
360 North Green Street, Chicago, Illinois 60642, United States
$206,000,000
$420/SF
Building Size
490,000 SF
Asset Type
Mixed-use
Closing
Jul 27, 2022
About this deal
AI
Located in Fulton Market, Chicago, the mixed-use property at 360 North Green Street has recently been involved in a closed transaction. With a total square footage of 490,000, this property offers a versatile space for various purposes. The deal was finalized on 07/28/2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $206,000,000
- Address: 360 North Green Street, Fulton Market, Chicago
- Market: Fulton Market, Chicago
In this transaction, Bank OZK provided a loan of $206,000,000 to support the deal. The landlord of the property is Sterling Bay, represented by Andy Gloor and Julie Goudie. Their involvement played a crucial role in finalizing the transaction.
Players
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93