Marcus & Millichap Brokers Sell Chicago Office Building For $4.2M
915 East 63rd Street, Chicago, IL, USA
$4,200,000
$135/SF
Building Size
31,120 SF
Asset Type
Office
Closing
Sep 24, 2020
About this deal
AI
The office property located at 915 East 63rd Street in Chicago was recently sold for $4,200,000. The transaction took place on September 25, 2020. The property spans 31,120 square feet, resulting in a price per square foot of $135. This sale was facilitated by brokers Adrian Mendoza, Austin Weisenbeck, and Sean Sharko from Marcus & Millichap.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,200,000
- Address: 915 East 63rd Street
- Market: Chicago
- Brokers: Adrian Mendoza, Austin Weisenbeck, and Sean Sharko - Marcus & Millichap
- Square Footage: 31,120
- Price Per Square Foot: $135
Adrian Mendoza, Austin Weisenbeck, and Sean Sharko from Marcus & Millichap played key roles in facilitating the successful sale of this office property in Chicago.
Players
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93