Batch Freight Leases 200 Employee Headquarters At 214 West Huron Street In Chicago
214 West Huron Street
Building Size
20,000 SF
Asset Type
Office
Closing
Dec 5, 2024
AI
The leased property is located at 214 West Huron Street in Chicago, which features an office asset type with a total area of 20,000 square feet. The transaction is part of Chicago's River North market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 214 West Huron Street
- Market: Chicago
- Square Footage: 20,000
- Landlord: Brandon Cruz & Clinton Jones - GoHealth
- Tenant: Andrew Sobko - Batch Freight
- Landlord's Representative: Abby McFadyen - Madison Rose
- Tenant's Representatives: Bradley Serot & Tony Coglianese - CBRE
Batch Freight's lease at this location allows the company to expand its headquarters significantly to accommodate a workforce of 200 employees. The negotiation for the lease was conducted by Abby McFadyen on behalf of GoHealth, while Tony Coglianese and Bradley Serot represented Batch Freight during the transaction.
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