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33 N LaSalle St, Chicago, I...

CommonGrounds Workplace Leases 30783 Square Feet At 33 N LaSalle St Chicago Through Jim Suber
LEASED

CommonGrounds Workplace Leases 30783 Square Feet At 33 N LaSalle St Chicago Through Jim Suber

33 N LaSalle St, Chicago, IL, 60602

Building Size

30,783 SF

Asset Type

Closing

Nov 20, 2023

AI

The lease involves a commercial property located at 33 N LaSalle St, Chicago, IL, 60602. It comprises a total area of 30,783 square feet within the Chicago market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 33 N LaSalle St, Chicago, IL, 60602
  • Square Feet: 30,783
  • Tenant: CommonGrounds Workplace
  • Landlord: The John Buck Company
  • Tenant's Representative: Jim Suber-SREA Advisory
  • Landlord's Representatives: Jessica O’Hara, Jon Cordell

This transaction highlights the involvement of key representatives in the leasing deal, with Jim Suber from SREA Advisory representing CommonGrounds Workplace, while Jessica O’Hara and Jon Cordell represented The John Buck Company in the lease agreement.

Players

Jon Cordell

Broker

2 deals

Broker
John Buck

John Buck

The John Buck Company

Landlord

$115.5M

vol

5 deals

Landlord
CW
CommonGrounds WorkplaceTenant

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