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
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