facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Office

/

Sale

/

1000 W Fulton St, Chicago, ...

Office Properties Income Trust Acquires Office Building At 1000 W Fulton St In Chicago For $355M
SOLDOffice

Office Properties Income Trust Acquires Office Building At 1000 W Fulton St In Chicago For $355M

1000 W Fulton St, Chicago, IL, USA

$355,000,000

$668/SF

Building Size

531,190 SF

Asset Type

Office

Closing

Jun 28, 2021

AI

Office Properties Income Trust has acquired a office property located at 1000 W Fulton St in Chicago. The property, measuring 531,190 square feet, was sold by American Realty Advisors for a total of $355,000,000. The purchase price per square foot comes to $688.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $355,000,000
  • Address: 1000 W Fulton St, Chicago
  • Square Footage: 531,190

The deal was facilitated by Stephen Livaditis, Matthew Graham, and Bryan Rosenberg from Eastdil Secured, representing Office Properties Income Trust. American Realty Advisors acted as the seller in this transaction.

Players

Matthew Graham

Eastdil Secured

Broker

$363.8M

vol

2 deals

Broker
OT
Office Income Properties TrustBuyer
AA
American Realty AdvisorsSeller

Chicago Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93