Daily limit: 0/10
American General Life Insurance Acquires Office Building In Chicago For $34.7M
SOLD
$34,700,000
Illinois
See Similar DealsOffice988,000 SF
Sold 10/10/2023
SOLD
American General Life Insurance Acquires Office Building In Chicago For $34.7M
30 N La Salle St
See Similar DealsOffice988,000 SF
Sold 10/10/2023
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$35
Total Square Footage:988,000 SF
Transaction Type:Sale
The 988,000-square-foot office building located at 30 North LaSalle Street in Chicago has been sold for $34.7 million. The property was acquired by American General Life Insurance through a foreclosure auction. The future use of the building is uncertain, but there have been proposals to convert it into multifamily housing.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $34,700,000
- Address: 30 North LaSalle Street
- Market: Chicago
American General Life Insurance, represented by Peter Zaffino, purchased the property from AmTrust Realty, represented by Jonathan Bennett.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,850,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$123,281.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$164,495.70
Annual Debt Service$1,973,948.44
Is there something missing? Send suggestions