JRTC Holdings, LLC Acquires Office Building In Chicago For $70M
SOLD
$70,000,000
Illinois
See Similar DealsOffice
Sold 03/31/2022
SOLD
JRTC Holdings, LLC Acquires Office Building In Chicago For $70M
100 West Randolph Street, Chicago, Illinois 60601, United States
See Similar DealsOffice
Sold 03/31/2022
Summary
ILLINOIS
Asset Type:Office
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,733,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$248,695.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$331,835.71
Annual Debt Service$3,982,028.55
Is there something missing? Send suggestions