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100 West Randolph Street, C...

JRTC Holdings, LLC Acquires Office Building In Chicago For $70M
SOLDOffice

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

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.

Players

Michael W. Reschke

Buyer

$364M

vol

5 deals

Buyer

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