ESG Kullen Acquires Property At 1400 N Lake Shore Dr Chicago For $107 Million Represented By John Jaeger
SOLD
$107,000,000
Illinois
See Similar DealsOffice
Sold 12/06/2019
SOLD
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...
See Similar DealsOffice
Sold 12/06/2019
Summary
ILLINOIS
Asset Type:Office
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,706,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$380,148.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$507,234.59
Annual Debt Service$6,086,815.07
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