Deka Immobilien Acquires Office Building In Fulton Market For $85M
905 W Fulton Market, Chicago, IL 60607, USA
$85,000,000
$867/SF
Building Size
98,000 SF
Asset Type
Office
Closing
May 14, 2020
About this deal
AI
Located at 905 W. Fulton Market in Fulton Market, this office property has been sold in a closed transaction. The property spans 98,000 square feet and was sold for a price of $85,000,000, resulting in a price per square foot of $867. The property was sold by Thor Equities to Deka Immobilien.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $85,000,000
- Address: 905 W. Fulton Market
- Market: Fulton Market
- Square Footage: 98,000
Deka Immobilien has acquired this office property in Fulton Market from Thor Equities for a total amount of $85,000,000. The buyer was represented by Tom Sitz, Cody Hundertmark, David Knapp, and Josh McGee of Cushman & Wakefield.
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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93