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905 W Fulton Market, Chicag...

Deka Immobilien Acquires Property At 905 W Fulton Market Chicago With Buyer's Representative Dan Deuter
SOLDOffice

Deka Immobilien Acquires Property At 905 W Fulton Market Chicago With Buyer's Representative Dan Deuter

905 W Fulton Market, Chicago, IL, 606...

Building Size

98,000 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in the transaction is located at 905 W Fulton Market, Chicago, IL, 606. The asset spans nearly 98,000 square feet over five stories. It serves as the global headquarters for Mondelez International, which occupies floors two through five. Additionally, hospitality and events company DineAmic Hospitality has recently leased 8,000 square feet of the space. The ground floor includes more than 6,500 square feet of retail space. This transaction occurred in the Chicago market.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: Not disclosed
  • Address: 905 W Fulton Market, Chicago, IL, 606
  • Market: Chicago
  • Buyer: Deka Immobilien
  • Buyer's Rep: Dan Deuter - Cushman & Wakefield
  • Seller: Thor Equities Group
  • Square Footage: 98,000

In this transaction, Cushman & Wakefield played a significant role, with Dan Deuter being the representative for the buyer, Deka Immobilien. The seller, Thor Equities Group, did not utilize a broker for this off-market transaction. Multiple individuals, including Tom Sitz, Cody Hundertmark, David Knapp, Josh McGee, and Paul Lundstedt, also assisted in the deal.

Players

Dan Deuter

Cushman & Wakefield

Broker

$235M

vol

5 deals

Broker
DI
Deka ImmobilienBuyer

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93