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1 N La Salle St, Chicago, I...

Japan America Society Of Chicago Inc. Leases Chicago Office Space From Bridge Investment Group
LEASEDOffice

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:

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

Melissa Rubenstein

JLL

Broker

3 deals

Broker
Bridge Investment Group
Bridge Investment GroupLender
Bridge Investment Group
Bridge Investment GroupLandlord

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