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424 North Oakley Boulevard,...

Noel Bushala Acquires Office Building In Chicago For $1.75M
SOLDOffice

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

Ari Topper

Broker

$34.6M

vol

8 deals

Broker

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