facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Mixed Use

/

Sale

/

210 North Carpenter Street,...

Deka Immobilien Acquires Mixed-Use Property In Chicago For $169M
SOLDMixed-use

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

Tom Sitz

Cushman & Wakefield

Broker

$735M

vol

11 deals

Broker
Sterling Bay
Sterling BayBrokerage
Sterling Bay
Sterling BaySeller
J.P. Morgan Chase
J.P. Morgan ChaseLender

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