Zagame Corp. Acquires Office Property In Chicago's Fulton Street For $41.75M
1100 West Fulton Street, Chicago, Illinois 60612, United States
$41,750,000
$920/SF
Building Size
45,380 SF
Asset Type
Office
Closing
Dec 20, 2021
AI
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
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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93