Red Bull North America, Inc. Leases Industrial Space In Lincoln Park, Chicago
1815 North Kingsbury Street, Chicago, IL 60614
Building Size
6,830 SF
Asset Type
Industrial
Closing
Aug 31, 2021
AI
Located at 1815 N. Kingsbury Street in Lincoln Park, Chicago, this industrial property was recently leased. The tenant, Red Bull North America, Inc., secured the space for their operations. The lease was facilitated by Matt Cowie of Cushman & Wakefield, representing the tenant. The landlord's representatives were James Hodur and Ben Miotti of Coldwell Banker Commercial. The property offers approximately 6,830 square feet of space. The asking rent for the lease was $16.50 per square foot, NNN.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Lease
- Tenant: Red Bull North America, Inc.
- Landlord's Rep: James Hodur & Ben Miotti - Coldwell Banker Commercial
- Tenant's Rep: Matt Cowie - Cushman & Wakefield
- Asking Rent: $16.50 NNN
- Square Footage: 6,830
Players
Chicago Industrial Market Snapshot
Boundary boundary · Industrial · 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