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
About this deal
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
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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