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905 W Fulton Market, Chicag...

Deka Immobilien Acquires Office Building In Fulton Market For $85M
SOLDOffice

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

Cody Hundertmark

Cushman & Wakefield

Broker

$566M

vol

10 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

0.19%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93