Orren Pickell Building Group Acquires Property In Wilmette With Buyer's Broker Jason Wurtz
444 Skokie BLVD, Wilmette, IL, 60091
Building Size
18,150 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
An 18,150-square-foot office property was acquired at 444 Skokie Boulevard, Wilmette, Illinois. The property was previously owned by H & S Realty, LLC. It will serve as the corporate offices and designer showroom for Orren Pickell Building Group, who has planned extensive renovations, leaving 3,000 square feet available for lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 444 Skokie Boulevard, Wilmette, IL, 60091
- Market: Wilmette
- Buyer: Orren Pickell Building Group
- Buyer's Representative: Jason Wurtz - NAI Capital
NAI Hiffman represented Orren Pickell Building Group in this transaction, with Michael Flynn, CCIM, SIOR, serving as the executive vice president. The acquisition marks the arrival of a new entity, Black Dog Affiliates, LLC. Orren Pickell and his team specialize in creating luxury custom homes, remodels, and renovations throughout the Chicago area and beyond.
Players
Wilmette 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93