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444 Skokie BLVD, Wilmette, ...

Updated Oct 29, 2024

Orren Pickell Building Group Acquires Property In Wilmette With Buyer's Broker Jason Wurtz
SOLDOffice

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

About this deal

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.

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Players

Jason Wurtz

NAI Global

Broker

$10.6M

vol

4 deals

Broker
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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

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