Coldwell Banker Commercial NRT Represents Kinzie Building Company In West Loop Office Lease
1046 West Kinzie Street
$19
$19/SF
Building Size
2,033 SF
Asset Type
Office
Closing
Sep 16, 2022
AI
The office space located at 1046 West Kinzie Street in the West Loop neighborhood of Chicago has been leased. The property, owned by Kinzie Building Company, LLC, will be occupied by Loft LLC. The lease transaction was facilitated by James Hodur and Ben Miotti of Coldwell Banker Commercial NRT, who represented the landlord.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not Applicable
- Asking Rent: $19.68/ft.
- Square Footage: 2,033
- Address: 1046 West Kinzie Street
- Market: West Loop, Chicago
The leasing deal was successfully executed by James Hodur and Ben Miotti from Coldwell Banker Commercial NRT on behalf of the landlord, Kinzie Building Company, LLC. This transaction highlights the collaboration between the landlord and the tenant, Loft LLC, in securing a lease agreement for the office space at 1046 West Kinzie Street in the vibrant West Loop market of Chicago.
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
834894.74%
Cash-on-Cash
-238615.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93