Sterling Bay Leases 56478 Square Feet At 600 W Chicago Ave With David Findling As Tenant's Rep
600 W Chicago Ave, Chicago, IL, 60654
Building Size
56,478 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this lease transaction is located at 600 W Chicago Ave, Chicago, IL, 60654. The total area of this space is 56,478 square feet, situated in the Chicago market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 600 W Chicago Ave, Chicago, IL, 60654
- Market: Chicago
- Tenant's Representative: David Findling - Cushman & Wakefield
- Landlord: Sterling Bay
- Square Feet: 56,478
This transaction involves key representatives from the commercial real estate sector, with David Findling representing the tenant, while Sterling Bay serves as the landlord in this deal.
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