Jason E. Fox Of W. P. Carey Acquires Educational Facility In Chicago For $70.6M
161 West 9th Street
$70,600,000
$692/SF
Building Size
102,000 SF
Asset Type
School
Closing
Nov 4, 2026
About this deal
AI
A 102,000-square-foot educational facility located at 161 West 9th Street in Chicago, IL, was sold for $70,600,000. The asset, which was completed in 2015, is fully occupied and houses the British International School of Chicago, South Loop, under a long-term absolute net lease.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $70,600,000
- Address: 161 West 9th Street
- Market: Chicago, IL
- Price per Square Foot: $692
- Buyer: Jason E. Fox - W. P. Carey
- Seller: Greg Silvers - EPR Properties
- Brokers: Todd Noel, Mindy Korth, Kyle Campbell, David Burden, Josh McGee, Christian Rahe, Austin Little & Jack Johnson - Colliers
Colliers facilitated the transaction, representing both parties in the sale agreement between W. P. Carey and EPR Properties for the educational facility. The involvement of multiple brokers from Colliers highlights the collaborative effort in orchestrating this deal.
On the Map
$70,600,000
$692/SF
School
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Players
Fernwood School Market Snapshot
Boundary boundary · School · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93