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1133 West Van Buren Street

Lauren Lampert Of Fulton Grace Realty Represents Buyer In $2.65M Office Sale In Chicago
SOLDOffice

Lauren Lampert Of Fulton Grace Realty Represents Buyer In $2.65M Office Sale In Chicago

1133 West Van Buren Street

$2,650,000

$353/SF

Building Size

7,500 SF

Asset Type

Office

Closing

Aug 9, 2024

AI

The property involved in this transaction is an office asset located at 1133 West Van Buren Street, Chicago. It sold for $2,650,000, covering a total area of 7,500 square feet. The price per square foot is calculated at $353.

Summary of transaction details:

The key individuals involved in this transaction include Lauren Lampert, representing the buyer through Fulton Grace Realty, and Steven Powers, representing the seller through Century 21. This collaboration facilitated the successful completion of the sale between the parties involved.

Players

Steven Powers

Century 21

Broker

$15.3M

vol

3 deals

Broker

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

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93