Energize Capital Leases New 11070 Square Foot Headquarters At 1 South Wacker Drive Chicago
1 South Lower Wacker Service Drive
Building Size
11,070 SF
Asset Type
Office
Closing
Nov 14, 2024
AI
The transaction involves a lease for an office space located at 1 South Wacker Drive in Chicago, totaling 11,070 square feet. Energize Capital has secured this new headquarters lease, which represents a significant increase in their operational space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 11,070
- Address: 1 South Wacker Drive
- Market: Chicago
- Tenant: Energize Capital
- Brokers: Bill Sheehy & Bradley Serot - CBRE
Bill Sheehy and Bradley Serot from CBRE represented Energize Capital in this transaction. The company is relocating within the same building to better accommodate its expanding team and operational needs.
Players
Chicago Office Market Snapshot
Boundary boundary · Office · 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