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
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