Deka Immobilien Acquires Mixed-Use Property In Chicago For $169M
210 North Carpenter Street, Chicago, IL 60607, USA
$169,000,000
$819/SF
Building Size
206,315 SF
Asset Type
Mixed-use
Closing
Sep 7, 2021
AI
A mixed-use property in Chicago located at 210 N Carpenter has been sold for a price of $169,000,000. The property, spanning over 206,315 square feet, consists of both office and retail space. This transaction took place on September 7, 2021.
Summary of transaction details
- Property Type: Mixed-use (Office & Retail)
- Transaction Amount: $169,000,000
- Address: 210 N Carpenter, Chicago
- Square Footage: 206,315 sqft
The buyer of this property is Deka Immobilien, while the seller is Sterling Bay, represented by Andy Gloor, and JP Morgan Asset Management. Tom Sitz from Cushman & Wakefield acted as the broker in this deal.
Players
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93