David Max, Michael Max & Adam Max Of Compass Secure Long Term Lease For Condo At $14,500/month
363 East Wacker Drive
$14,500
$14,500/SF
Building Size
2,700 SF
Asset Type
Condo
Closing
May 31, 2026
About this deal
AI
The property involved in this transaction is a condo located at 363 East Wacker Drive Unit 3109 in the Chicago market. The asset has a square footage of 2,700, and the asking rent was set at $5.37 per square foot, finalized under a Single Net Lease agreement.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $14,500/month
- Landlord's Representatives: David Max, Michael Max & Adam Max - Compass
- Lease Type: Single Net Lease
The deal was successfully negotiated by the Max brothers, who managed to secure a long-term lease for their client at The St Regis. Their approach reflects their commitment to client service, encapsulated in their motto: "We Treat You Like Family."
Players
Chicago Condo Market Snapshot
Boundary boundary · Condo · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1094.00%
Cash-on-Cash
-312.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93