Commonwealth Edison Acquires Office Building In Chicago For $39.5M
333 South Laflin Street, Chicago, Illinois 60607, United States
$39,500,000
$137/SF
Building Size
288,000 SF
Asset Type
Office
Closing
Jan 4, 2022
About this deal
AI
Commonwealth Edison has acquired an office asset located at 333 S. LaSalle St. in Chicago. The transaction, which took place on 01/04/2022, had a sale price of $39,500,000. The office space spans 288,000 square feet, resulting in a price per square foot of $137.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $39,500,000
- Address: 333 S. LaSalle St.
- Market: Chicago
This deal involved Commonwealth Edison as the buyer.
The office sale at 333 South Laflin Street, Chicago, Illinois 60607, United States in Chicago, Illinois sold for $39.5M in 2022. The building is 288,000 square feet, implying about 137 per square foot on the published price. This page is the Chicago, Illinois file for the 333 South Laflin Street, Chicago, Illinois 60607, United States office sold: pricing, party profiles, and other closed office comps from the same Chicago sit in the Market section below. Filter that Chicago office set by closing date to see what else sold near 333 South Laflin Street, Chicago, Illinois 60607, United States around 2022. Published consideration for 333 South Laflin Street, Chicago, Illinois 60607, United States is $39.5M, dated 2022. Cite this Commonwealth Edison Acquires Office Building In Chicago For $39.5M sale when underwriting similar office product around Chicago, Illinois.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93