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:
- Property Type: Office
- Transaction Amount: $2,650,000
- Square Footage: 7,500
- Price per Square Foot: $353
- Address: 1133 West Van Buren Street
- Market: Chicago
- Buyer's Representative: Lauren Lampert - Fulton Grace Realty
- Seller's Representative: Steven Powers - Century 21
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
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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93