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
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
Loading comparables…
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