CEDARst Acquires Office Building In Chicago For $43.8M From Erik Larson
FINANCED
$43,800,000
Illinois
See Similar DealsOffice160,000 SF
Financed 08/12/2020
FINANCED
CEDARst Acquires Office Building In Chicago For $43.8M From Erik Larson
4753 North Broadway, Chicago, IL 60640
See Similar DealsOffice160,000 SF
Financed 08/12/2020
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$273
Total Square Footage:160,000 SF
Transaction Type:Loan
4753 North Broadway in Chicago has been sold in a closed property transaction. The asset involved in this transaction is an office building. The deal was finalized on 08/12/2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $43,800,000
- Market: Chicago
- Lender: Associated Bank
- Landlord: CEDARst - Erik Larson
The lender for this transaction is Associated Bank. On the other hand, the landlord representative is Erik Larson from CEDARst.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$43,800,000.00
Monthly NOI$292,000.00
Monthly Debt Service$276,845.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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