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200 West Jackson Boulevard,...

Nightingale Properties Acquires Office Space In West Loop For $130M
SOLDOffice

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

David Knapp

CBRE

Broker

$445.6M

vol

6 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Angelo Gordon

Seller

$1.8B

vol

23 deals

Seller

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