Japan America Society Of Chicago Inc. Leases Chicago Office Space From Bridge Investment Group
1 N La Salle St, Chicago, IL, 60602
Building Size
1,952 SF
Asset Type
Office
Closing
Aug 5, 2019
AI
The property involved in this transaction is an office space located at 1 N La Salle St, Chicago, IL, 60602. The total area of the lease is 1,952 square feet. This asset is situated within the Chicago market, a bustling area suitable for commercial activities.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Tenant: Japan America Society of Chicago Inc.
- Landlord: Bridge Investmetn Group
- Tenant's Representative: Ray Okigawa-Chicagoland Commercial Real Estate
- Landlord's Representative: Melissa Rubenstein-JLL
- Date of Lease: 08/05/2019
Ray Okigawa, a senior vice president at Chicagoland Commercial Real Estate, represented Japan America Society of Chicago Inc. in the five-year lease renewal. The landlord, Bridge Investmetn Group, was represented by Melissa Rubenstein from JLL, highlighting a collaborative effort between brokerage firms in facilitating the agreement.
Players
Chicago Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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