Under Contract: Agave Holdings Acquires Office Building In Chicago For $85M
SOLD
$85,000,000
Illinois
See Similar DealsOffice
Sold 01/25/2022
SOLD
Under Contract: Agave Holdings Acquires Office Building In Chicago For $85M
225 W. Washington, 225 W Washington St, Chicago, Illinois 60606, United States
See Similar DealsOffice
Sold 01/25/2022
Summary
ILLINOIS
Asset Type:Office
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,533,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$301,987.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$402,943.36
Annual Debt Service$4,835,320.38
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