SALF 920 LLC Sells Office Building On 311 W Walton St In Chicago For $14.4M
SOLD
$14,400,000
Illinois
See Similar DealsOffice41,000 SF
Sold 06/22/2022
SOLD
SALF 920 LLC Sells Office Building On 311 W Walton St In Chicago For $14.4M
311 West Walton Street, Chicago, Illinois 60610, United States
See Similar DealsOffice41,000 SF
Sold 06/22/2022
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$351
Total Square Footage:41,000 SF
Transaction Type:Sale
An office property located at 311 West Walton Street in Chicago has been sold for $14,400,000. The property spans 41,000 square feet, resulting in a price per square foot of $351. The transaction took place on 06/22/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $14,400,000
- Address: 311 West Walton Street, Chicago
- Square Footage: 41,000
- Price Per Square Foot: $351
- Date: 06/22/2022
The seller of the property is SALF 920 LLC. The buyer's representative is Thania Potosome from Azora Exan, and the seller's representative is James Mead from SVN.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$768,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,160.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,263.35
Annual Debt Service$819,160.16
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