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210 North Carpenter Street,...

Updated Oct 28, 2024

Deutsche Bank Provides $69M Acquisition Loan For Office Property On 210 North Carpenter Street, Chicago
FINANCEDOffice

Deutsche Bank Provides $69M Acquisition Loan For Office Property On 210 North Carpenter Street, Chicago

210 North Carpenter Street, Chicago, IL 60607

$69,000,000

$334/SF

Building Size

206,315 SF

Asset Type

Office

Closing

Oct 5, 2021

About this deal

AI

The recently closed transaction involved an office property located at 210 North Carpenter Street in Chicago. The property was acquired through an acquisition loan from Deutsche Bank for a loan amount of $69,000,000. The loan type for this transaction was an acquisition loan.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $69,000,000
  • Date: 10/05/2021
  • Address: 210 North Carpenter Street
  • Market: Chicago
  • Lender: Deutsche Bank
  • Landlord: Ulrich Bäcker - Deka Immobilien

Ulrich Bäcker, representing Deka Immobilien, acted as the landlord in this transaction. They played a crucial role in facilitating the acquisition of the office property in Chicago. Deutsche Bank, as the lender, provided the significant acquisition loan amount of $69,000,000, allowing for the successful completion of the deal.

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$69,000,000

$334/SF

Office

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Players

Deutsche Bank
Deutsche BankLender
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Chicago Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $334 per square foot on a published $69M for 206,315 square feet (2021).

Browse Illinois office loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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