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1144 West Fulton Market, Ch...

Fulton Street Companies Acquires Mixed-Use Asset In Fulton Market, Chicago For $33.5M
SOLDMixed-use

Fulton Street Companies Acquires Mixed-Use Asset In Fulton Market, Chicago For $33.5M

1144 West Fulton Market, Chicago, Illinois 60607, United States

$33,500,000

$435/SF

Building Size

76,890 SF

Asset Type

Mixed-use

Closing

Apr 14, 2022

AI

The mixed-use property located at 1144 W Fulton, 1101 W Fulton, 220 N Aberdeen, 112 N May, and 351 N May in Fulton Market, Chicago, has been sold in a closed transaction. The deal was finalized on 04/15/2022 with a sale price of $33,500,000. The property spans across 76,890 square feet, resulting in a price per square foot of $436. The buyer of the property was Fulton Street Companies, while the seller was CLK Properties. The transaction was facilitated by SVN | Chicago Commercial, with Scott Maesel, Drew Dillon, Chad Schroedl, Adam Thomas, and Logan Parsons representing the seller in the deal.

Summary of transaction details

The successful transaction involved key individuals and companies, with Fulton Street Companies acting as the buyer and CLK Properties as the seller. SVN | Chicago Commercial played a pivotal role in the deal, with Scott Maesel, Drew Dillon, Chad Schroedl, Adam Thomas, and Logan Parsons representing the seller's interests. This transaction marks another significant real estate development in the thriving Fulton Market area in Chicago.

Players

Scott Maesel

Broker

$125.4M

vol

10 deals

Broker
CP
CLK PropertiesSeller

Chicago Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.47%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93