Singerman Real Estate Acquires Skokie Office Buildings For $75M
8045 Lamon Ave, Skokie, IL, USA
$75,000,000
$472/SF
Building Size
158,884 SF
Asset Type
Office
Closing
Oct 13, 2021
AI
The office property located at 8045 & 8025 Lamon Ave. in Skokie has been sold for a price of $75,000,000. The transaction took place on 10/13/2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $75,000,000
- Address: 8045 & 8025 Lamon Ave., Skokie
- Market: Skokie
The buyer of the property is Singerman Real Estate while the seller is American Landmark Properties. The deal was facilitated by brokers Sam DiFrancesca, Patrick Shields, Jaime Fink, Jeffrey Bramson, Bruce Miller, and Nick Psyllos from JLL Capital Markets.
Players
Lincolnwood Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93