Under Contract: Agave Holdings Acquires Office Building In Chicago For $85M
225 W. Washington, 225 W Washington St, Chicago, Illinois 60606, United States
$85,000,000
Building Size
—
Asset Type
Office
Closing
Jan 24, 2022
AI
The under contract office property located at 225 W. Washington St in Chicago is set to be sold for a price of $85,000,000. The transaction is being facilitated by Agave Holdings, represented by Jose Antonio Perez Helguera.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $85,000,000
- Address: 225 W. Washington St, Chicago
- Buyer: Agave Holdings - Jose Antonio Perez Helguera
This deal showcases the significant investment being made in the Chicago office market. Agave Holdings, led by Jose Antonio Perez Helguera, is taking advantage of the opportunities presented in this prime location. The purchase of the office property on W. Washington St demonstrates their commitment to expanding their presence in the city.
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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93