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1046 West Kinzie Street, Ch...

Loft LLC Leases Office Space In West Loop, Chicago At 1046 W Kinzie St., Suite 100W
LEASEDOffice

Loft LLC Leases Office Space In West Loop, Chicago At 1046 W Kinzie St., Suite 100W

1046 West Kinzie Street, Chicago, IL 60642

Building Size

2,033 SF

Asset Type

Office

Closing

Dec 22, 2021

AI

The office space located at 1046 W Kinzie St., Suite 100W in the West Loop neighborhood of Chicago has recently been leased. The lease transaction took place on December 22, 2021. The property, spanning an area of 2,033 square feet, is owned by Kinzie Building Company, LLC. The tenant, Loft LLC, has secured the lease for this office space.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 12/22/2021
  • Address: 1046 W Kinzie St., Suite 100W
  • Market: West Loop, Chicago

The deal was facilitated by the brokers James Hodur and Benjamin Miotti from Coldwell Banker Commercial NRT, who represented both the landlord, Kinzie Building Company, LLC, and the tenant, Loft LLC, in this lease transaction. The asking rent for this space was $23.61 per square foot, resulting in a total lease value of approximately $2,033 (2,033 square feet multiplied by $23.61 per square foot). The lease type for this transaction is Full-Service Gross.

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

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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