Andy Farbman's Farbman Group Acquires Office Building In West Loop, Chicago For $11M
600 West Jackson Boulevard, Chicago, Illinois 60661, United States
$11,000,000
$94/SF
Building Size
117,000 SF
Asset Type
Office
Closing
Oct 9, 2022
About this deal
AI
Andy Farbman of Farbman Group has purchased an office property located at 600 West Jackson Boulevard in the West Loop area of Chicago. The sale was facilitated by Stockbridge Capital Group.
Summary of Transaction Details:
- Property Type: Office
- Sale Price: $11,000,000
- Square Footage: 117,000 SF
- Price Per Square Foot: $94
- Address: 600 West Jackson Boulevard
- Market: West Loop, Chicago
Andy Farbman, representing Farbman Group, acted as the buyer in this transaction. The seller was Stockbridge Capital Group.
The office sale at 600 West Jackson Boulevard, Chicago, Illinois 60661, United States in Chicago, Illinois sold for $11M in 2022. The building is 117,000 square feet, implying about 94 per square foot on the published price. Named participants on the 600 West Jackson Boulevard, Chicago, Illinois 60661, United States sale are Andy Farbman. This page is the Chicago, Illinois file for the 600 West Jackson Boulevard, Chicago, Illinois 60661, United States office sold: pricing, party profiles, and other closed office comps from the same Chicago sit in the Market section below. Filter that Chicago office set by closing date to see what else sold near 600 West Jackson Boulevard, Chicago, Illinois 60661, United States around 2022. Published consideration for 600 West Jackson Boulevard, Chicago, Illinois 60661, United States is $11M, dated 2022. Cite this Andy Farbman's Farbman Group Acquires Office Building In West Loop, Chicago For $11M sale when underwriting similar office product around Chicago, Illinois.
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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93