Tri-Star Equities Acquires Office Building In Chicago For $20.95M
217 North Jefferson Street
$20,950,000
$356/SF
Building Size
58,800 SF
Asset Type
Office
Closing
Nov 16, 2022
AI
An office property located at 217 North Jefferson St in Chicago has been sold in a transaction involving Tri-Star Equities as the buyer and Metonic Real Estate as the seller. The property spans 58,800 square feet and was sold for a price of $20,950,000, resulting in a price per square foot of $356.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $20,950,000
- Address: 217 North Jefferson St, Chicago
- Buyer: Tri-Star Equities
- Seller: Metonic Real Estate
The deal was facilitated by the brokers Keely Polczynski and Blake Johnson from CBRE.
Players
Chicago Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93