Noel Bushala Acquires Office Building In Chicago For $1.75M
424 North Oakley Boulevard, Chicago, IL 60612
$1,750,000
$87/SF
Building Size
20,000 SF
Asset Type
Office
Closing
May 26, 2020
AI
An office property located at 424 N Oakley in Chicago was recently sold for $1,750,000. The property spans an area of 20,000 square feet, resulting in a price per square foot of $88. The transaction took place on May 26, 2021, and the sale was facilitated by brokers Tyler Dechter from Tyler Dechter CRE and Ari Topper from Ari Topper CRE.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,750,000
- Address: 424 N Oakley, Chicago
- Market: Chicago
- Square Footage: 20,000
- Price Per Square Foot: $88
- Buyer: Noel Bushala
- Brokers: Tyler Dechter - Tyler Dechter CRE, Ari Topper - Ari Topper CRE
No additional information regarding the property or the deal is available at this time.
Players
Chicago Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93