Noel Bushala Acquires Office Building In Chicago For $1.75M
SOLD
$1,750,000
Illinois
See Similar DealsOffice20,000 SF
Sold 05/26/2020
SOLD
Noel Bushala Acquires Office Building In Chicago For $1.75M
424 North Oakley Boulevard, Chicago, IL 60612
See Similar DealsOffice20,000 SF
Sold 05/26/2020
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$87
Total Square Footage:20,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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