Zagame Corp. Acquires Office Property In Chicago's Fulton Street For $41.75M
SOLD
$41,750,000
+ 2
Illinois
See Similar DealsOffice45,380 SF
Sold 12/20/2021
SOLD
Zagame Corp. Acquires Office Property In Chicago's Fulton Street For $41.75M
1100 West Fulton Street, Chicago, Illinois 60612, United States
See Similar DealsOffice45,380 SF
Sold 12/20/2021
+ 2
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$920
Total Square Footage:45,380 SF
Transaction Type:Sale
Located at 1100 West Fulton St in Chicago, this office property has been sold in a recent transaction. The sale was completed on December 20, 2021.
Summary of transaction details:
- Property Type: Office
- Sale Price: $41,750,000
- Square Footage: 45,380
- Price Per Square Foot: $920
- Address: 1100 West Fulton St, Chicago
- Market: Chicago
The buyer of this property is Zagame Corp., while the sellers are Fulton Street Cos. and Huizenga Capital Management. The transaction was facilitated by Cushman & Wakefield's brokers, Cody Hundertmark, David Knapp, Tom Sitz, Dan Deuter, and Paul Lundstedt.
Players
SELLER
Details
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,226,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$148,328.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$197,916.30
Annual Debt Service$2,374,995.60
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