facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Office

/

Sale

/

312 North May Street, Chica...

Updated Oct 28, 2024

Orion Engineers LLC Acquires Office In Fulton Market, Chicago For $2.05M
SOLDOffice

Orion Engineers LLC Acquires Office In Fulton Market, Chicago For $2.05M

312 North May Street, Chicago, Illinois 60607, United States

$2,050,000

$306/SF

Building Size

6,700 SF

Asset Type

Office

Closing

Aug 30, 2022

About this deal

AI

Located in Fulton Market, Chicago, the property at 312 N May St Ste 100 recently changed hands in a closed sale transaction. The asset is an office building with a total area of approximately 6,700 square feet, offering ample space for a variety of business operations. The market value of this property is valued at $2,050,000, resulting in a price per square foot of $306. The deal was finalized on August 31, 2022, making this a recent transaction in the real estate market.

Summary of transaction details

  • Property Type: Office
  • Sale Price: $2,050,000
  • Square Footage: 6,700
  • Address: 312 N May St Ste 100
  • Market: Fulton Market, Chicago

Orion Engineers LLC acquired the property from KRM Properties LLC, making them the new owner of the office building. The buyer was represented by Ryan Hanley of Avison Young, a reputable brokerage agency. Ryan Hanley, as the Senior Vice President of Industrial Services, played a vital role in ensuring the successful completion of this transaction. For more information about Ryan Hanley, you can visit his LinkedIn profile at https://www.linkedin.com/in/ryan-hanley-89493a3/.

As the buyer's representative, Ryan Hanley from Avison Young brings extensive experience and knowledge to the table. To get in touch with him, you can reach out at [email protected] or contact him directly at +1 847-430-4093 or +1 708-712-4446. Avison Young, located at 9550 W Higgins Road, Suite 900, Rosemont, IL 60018, is committed to providing exceptional real estate services. Feel free to visit their website at www.avisonyoung.com or www.hanley-industrial.com to learn more about their offerings.

Players

Ryan Hanley

Avison Young

Broker

$2.1M

vol

1 deal

Broker

Chicago Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Deal FAQ

About $306 per square foot on a published $2.1M for 6,700 square feet (2022).

Visit Avison Young to view all their deals.

Browse Illinois office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets