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125 S Clark St, Chicago, IL...

Impact Networking Leases 8229 Sq Ft Office Space At 125 S Clark St, Chicago
LEASEDOffice

Impact Networking Leases 8229 Sq Ft Office Space At 125 S Clark St, Chicago

125 S Clark St, Chicago, IL, 60603

Building Size

8,229 SF

Asset Type

Office

Closing

Jul 18, 2018

AI

Located at 125 S Clark St, Chicago, IL, 60603, the office property involved in the lease transaction spans 8,229 square feet. The deal was finalized on 07/18/2018, with Impact Networking securing the space. Blue Star Properties acted as both the landlord and tenant's representative in the lease.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Market: Chicago
  • Tenant: Impact Networking
  • Landlord: Blue Star Properties
  • Square Feet: 8229
  • Landlord's Rep: Mike Lombardo(Blue Star Properties)
  • Tenant's Rep: Julie Lane(Bradford Allen)

Julie Lane from Bradford Allen represented Impact Networking in securing the 8,229 square feet lease at The National, located on 125 South Clark St in Chicago. It's worth noting that in this transaction, the landlord, Blue Star Properties, was self-represented by Mike Lombardo.

Players

Mike Lombardo

Blue Star Properties

Broker

$4.7M

vol

3 deals

Broker
Blue Star Properties
Blue Star PropertiesLandlord

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