Intersection Realty Group Acquires Office Building In Chicago's East Wacker Place For $19.3M
65 East Wacker Place, Chicago, Illinois 60601, United States
$19,300,000
$86/SF
Building Size
223,000 SF
Asset Type
Office
Closing
Oct 11, 2022
About this deal
AI
The property involved in this closed transaction is an office located at 65 East Wacker Place in Chicago. The property spans 223,000 square feet and was sold for a price of $19,300,000, resulting in a price per square foot of $87.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $19,300,000
- Address: 65 East Wacker Place, Chicago
- Market: Chicago
- Buyer: Intersection Realty Group - Chase Chavin & Truman Tolefree
- Seller: Acres Capital
- Square Footage: 223,000
- Price per Square Foot: $87
The buyer in this transaction was Intersection Realty Group, represented by Chase Chavin and Truman Tolefree. On the other hand, the seller was Acres Capital.
On the Map
$19,300,000
$86/SF
Office
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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
0.82%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93