Sikich Leases 22000 Square Feet At 200 W Madison St Chicago With Katie Steele As Landlord's Rep
200 W Madison St, Chicago, IL, 60606
Building Size
22,000 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The lease transaction involves a commercial property located at 200 W Madison St, Chicago, IL, 60606. The space measures 22,000 square feet, situated within the Chicago market. The lease is signed with the landlord, Multi-Employer Property Trust.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 200 W Madison St, Chicago, IL, 60606
- Market: Chicago
- Landlord's Representative: Katie Steele, Transwestern
- Tenant: Sikich
- Landlord: Multi-Employer Property Trust
- Square Feet: 22,000
This transaction involved key individuals where Katie Steele from Transwestern represented the landlord, Multi-Employer Property Trust, while Sikich is the tenant taking lease of the property.
Players
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