facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Office

/

Lease

/

1046 West Kinzie Street

Coldwell Banker Commercial NRT Represents Kinzie Building Company In West Loop Office Lease
LEASEDOffice

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

Benjamin Miotti

Coldwell Banker

Broker

$33.9M

vol

27 deals

Broker
KL
Kinzie Building Company, LLCLandlord
LL
Loft LLCTenant

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

834894.74%

Cash-on-Cash

-238615.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93