Nightingale Properties Acquires Office Space In West Loop For $130M
200 West Jackson Boulevard, Chicago, IL 60606
$130,000,000
$266/SF
Building Size
487,000 SF
Asset Type
Office
Closing
Jan 31, 2022
AI
Located at 200 West Jackson Blvd in the West Loop market, a closed property transaction took place involving an office asset.
Summary of transaction details:
- Property Type: Office
- Date: 01/31/2022
- Address: 200 West Jackson Blvd
- Market: West Loop
- Buyer: Nightingale Properties - Will Hutton
- Seller: Angelo Gordon & White Oak Realty Partners
- Broker: David Knapp - Cushman & Wakefield
- Sale Price: $130,000,000
- Square Footage: 487,000 SF
- Price Per Square Foot: $267
The buyer, Nightingale Properties represented by Will Hutton, acquired the property from the seller, Angelo Gordon & White Oak Realty Partners. The transaction was facilitated by the broker, David Knapp from Cushman & Wakefield.
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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93