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225 W. Washington, 225 W Wa...

Under Contract: Agave Holdings Acquires Office Building In Chicago For $85M
SOLDOffice

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

AH
Agave HoldingsBuyer

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