Sterling Bay & JPMorgan Asset Management Sell Retail Asset In Chicago To Buyer JLL For $430M
110 N Carpenter St, Chicago, IL 60607, Estados Unidos
$430,000,000
$747/SF
Building Size
575,208 SF
Asset Type
Retail
Closing
Oct 8, 2020
About this deal
AI
The retail property located at 110 North Carpenter Street in Chicago has been sold in a recent transaction. The property, owned by Sterling Bay and JPMorgan Asset Management, was listed for sale. The deal was facilitated by the real estate agency JLL. The sale price for the property was $430,000,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $430,000,000
- Address: 110 North Carpenter Street
- Market: Chicago
- Seller: Sterling Bay & JPMorgan Asset Management
- Broker: JLL
This transaction involved key individuals and companies in the real estate market. Sterling Bay and JPMorgan Asset Management acted as the sellers of the retail property. JLL, a reputable real estate agency, represented the sellers in this deal.
Players
Chicago Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93