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
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