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1815 North Kingsbury Street...

Red Bull North America, Inc. Leases Industrial Space In Lincoln Park, Chicago
LEASEDIndustrial

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

Benjamin Miotti

Coldwell Banker

Broker

$33.9M

vol

27 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

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