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1400 N Lake Shore Dr, Chica...

ESG Kullen Acquires Property At 1400 N Lake Shore Dr Chicago For $107 Million Represented By John Jaeger
SOLDOffice

ESG Kullen Acquires Property At 1400 N Lake Shore Dr Chicago For $107 Million Represented By John Jaeger

1400 N Lake Shore Dr, Chicago, IL, 60...

$107,000,000

Building Size

Asset Type

Office

Closing

Dec 6, 2019

AI

The property asset involved in this transaction is located at 1400 N Lake Shore Dr, Chicago, IL. The transaction was conducted in the Chicago market with a selling price of $107,000,000.00. The property has a square footage of 0, which may imply that it is likely a land transaction or a site for development.

Summary of transation details:

  • Property Type: Sale
  • Transaction Amount: $107,000,000.00
  • Address: 1400 N Lake Shore Dr, Chicago, IL
  • Market: Chicago
  • Seller's Representative: John Jaeger (CBRE)
  • Buyer: ESG Kullen

This transaction highlights key individuals involved in the deal, with John Jaeger representing the seller through CBRE. The buyer in this transaction is ESG Kullen, a firm engaged in real estate investments.

Players

John Jaeger

CBRE

Broker

$2.1B

vol

29 deals

Broker
EK
ESG KullenBuyer

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

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93