Danny Spitz Of Greenstone Partners Sells Office Property On 1133 W. Randolph In Chicago For $11.7M
1133 West Randolph Street, Chicago, Illinois 60607, United States
$11,700,000
$847/SF
Building Size
13,800 SF
Asset Type
Office
Closing
Feb 15, 2022
About this deal
AI
The office property located at 1133 W. Randolph in Chicago was recently sold in a transaction facilitated by Danny Spitz of Greenstone Partners. The sale took place on 02/16/2022 and was captured in an image posted by Danny Spitz on Instagram.
Summary of transaction details:
- Property Type: Office
- Sale Price: $11,700,000
- Square Footage: 13,800
- Price per Square Foot: $848
- Address: 1133 W. Randolph, Chicago
The sale of this office property signifies a significant transaction in the Chicago market. Danny Spitz of Greenstone Partners played a crucial role as the broker in this deal, assisting in the negotiation and finalization of the sale. The transaction price reached $11,700,000, with the property spanning a total of 13,800 square feet. At a price per square foot of $848, this sale demonstrates the value and demand for office space in Chicago.
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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93