JRTC Holdings, LLC Acquires Office Building In Chicago For $70M
100 West Randolph Street, Chicago, Illinois 60601, United States
$70,000,000
Building Size
—
Asset Type
Office
Closing
Mar 30, 2022
About this deal
AI
An office property located at 100 W. Randolph St. in Chicago has been sold in a recent transaction. The sale took place on March 31, 2022, and the property was purchased by JRTC Holdings, LLC, represented by Michael W. Reschke. The seller of the property is Gov. JB Pritzker. The sale price for the office property is approximately $70,000,000.
Summary of transation details
- Property Type: Office
- Transaction Amount: $70,000,000 (Approx.)
- Address: 100 W. Randolph St., Chicago
- Buyer: JRTC Holdings, LLC - Michael W. Reschke
- Seller: Gov. JB Pritzker
The purchase of the office property by JRTC Holdings, LLC, represented by Michael W. Reschke, signifies a significant investment in the Chicago market. The transaction highlights the active commercial real estate sector and the confidence of investors in the city's office market.
On the Map
$70,000,000
Office
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Chicago Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93