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
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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