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232 North Carpenter Street,...

Alex Pissios Acquires Office Building In Fulton Market, Chicago For $11M
SOLDOffice

Alex Pissios Acquires Office Building In Fulton Market, Chicago For $11M

232 North Carpenter Street, Chicago, Illinois 60607, United States

$11,000,000

$1,100/SF

Building Size

10,000 SF

Asset Type

Office

Closing

Apr 27, 2022

AI

Alex Pissios has completed the purchase of an office property in Fulton Market, Chicago. The property, located at 232 North Carpenter Street, was sold by Hartshorne Plunkard Architecture. The sale price for the property was $11,000,000. The office space has a total square footage of 10,000, resulting in a price per square foot of $1,100.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $11,000,000
  • Address: 232 North Carpenter Street
  • Market: Fulton Market, Chicago
  • Buyer: Alex Pissios
  • Seller: Hartshorne Plunkard Architecture
  • Square Footage: 10,000
  • Price per Square Foot: $1,100

Alex Pissios, the buyer, successfully acquired the office property situated at 232 North Carpenter Street in Fulton Market, Chicago. The seller of the property was Hartshorne Plunkard Architecture. The transaction involved a sale price of $11,000,000 for a total of 10,000 square feet of office space, resulting in a price per square foot of $1,100.

Players

A
ArchitectureSeller

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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93