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1500 W Carroll Ave, Chicago...

VIATechnik Leases 6350 Square Feet At 1500 W Carroll Ave Chicago With Dayton Street Partners
LEASED

VIATechnik Leases 6350 Square Feet At 1500 W Carroll Ave Chicago With Dayton Street Partners

1500 W Carroll Ave, Chicago, IL, 60607

Building Size

6,350 SF

Asset Type

Closing

Nov 20, 2023

AI

This lease transaction involves a property located at 1500 W Carroll Ave, Chicago, IL, 60607, within the Chicago market. The property has a total area of 6,350 square feet. The landlord for this lease is Dayton Street Partners.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1500 W Carroll Ave, Chicago, IL, 60607
  • Market: Chicago
  • Tenant: VIATechnik
  • Landlord: Dayton Street Partners
  • Tenant's Representative: Jonathan Zeitler, Transwestern
  • Landlord's Representative: Lenora Adds, Cushman & Wakefield
  • Square Feet: 6,350

The representatives involved in this lease transaction include Jonathan Zeitler from Transwestern, representing the tenant VIATechnik, and Lenora Adds from Cushman & Wakefield, representing the landlord Dayton Street Partners.

Players

Ryan Foran

Cresa

Broker

3 deals

Broker
DP
Dayton Street PartnersLandlord

Chicago CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93