SOLDOffice
Firenze Group Acquires Office Property In Chicago For $310M
311 South Wacker Drive, Chicago, IL 60606
$310,000,000
Building Size
—
Asset Type
Office
Closing
Jan 25, 2022
About this deal
AI
The under contract property in Chicago is located at 311 S. Wacker Dr and falls under the asset type of Office. The property was sold by Zeller Realty Group and Cindat Capital Management.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $310,000,000
- Market: Chicago
- Buyer: Firenze Group - Aldo Saavedra
- Seller: Zeller Realty Group & Cindat Capital Management
The buyer of the property is Firenze Group represented by Aldo Saavedra. The sale of this property was made for the price of $310,000,000.
On the Map
$310,000,000
Office
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Players
ZG
Zeller Realty GroupSeller
Chicago Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93