CEDARst Acquires Office Building In Chicago For $43.8M From Erik Larson
4753 North Broadway, Chicago, IL 60640
$43,800,000
$273/SF
Building Size
160,000 SF
Asset Type
Office
Closing
Aug 12, 2020
About this deal
AI
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.
The office loan at 4753 North Broadway, Chicago, IL 60640 in Chicago, Illinois financed for $43.8M in 2020. The building is 160,000 square feet, implying about 273 per square foot on the published price. Named participants on the 4753 North Broadway, Chicago, IL 60640 loan are Erik Larson. This page is the Chicago, Illinois file for the 4753 North Broadway, Chicago, IL 60640 office financed: pricing, party profiles, and other closed office comps from the same Chicago sit in the Market section below. Filter that Chicago office set by closing date to see what else financed near 4753 North Broadway, Chicago, IL 60640 around 2020. Published consideration for 4753 North Broadway, Chicago, IL 60640 is $43.8M, dated 2020. Cite this CEDARst Acquires Office Building In Chicago For $43.8M From Erik Larson loan when underwriting similar office product around Chicago, Illinois.
Players
Chicago Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Erik Larson to view all their deals.
Browse Illinois office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93