NAMI Chicago Leases 10,058 SF Office Space At Old Town Park In Chicago
224 West Hill Street
Building Size
10,058 SF
Asset Type
Office
Closing
Apr 22, 2024
About this deal
AI
The office property at 224 West Hill Street in Chicago, spanning 10,058 square feet, was involved in a lease transaction. Duncan Wlodarczak of Onni Group served as the landlord, while Alexa James of NAMI Chicago acted as the tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 224 West Hill Street
- Market: Chicago
- Landlord: Duncan Wlodarczak - Onni Group
- Tenant: Alexa James - NAMI Chicago
Representing the landlord, Abby McFayden of Madison Rose facilitated the deal, while Cresa's Ryan Foran and Jonathan Zeitler worked as tenant's representatives. It was mentioned that the move to Old Town Park in Chicago was to accommodate NAMI Chicago's expansion, with Abby McFayden highlighting the enhanced service capabilities and community cohesion the new space would provide.
On the Map
Office
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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