Nightingale Properties Acquires Office Space In West Loop For $130M
SOLD
$130,000,000
Illinois
See Similar DealsOffice487,000 SF
Sold 01/31/2022
SOLD
Nightingale Properties Acquires Office Space In West Loop For $130M
200 West Jackson Boulevard, Chicago, IL 60606
See Similar DealsOffice487,000 SF
Sold 01/31/2022
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$266
Total Square Footage:487,000 SF
Transaction Type:Sale
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
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$461,862.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$616,266.32
Annual Debt Service$7,395,195.87
Is there something missing? Send suggestions