Mosaic Financial Group Leases 7513 Square Feet At 303 E Wacker Dr, Chicago, From FCA
303 E Wacker Dr, Chicago, IL, 60601
Building Size
7,513 SF
Asset Type
Office
Closing
Jul 5, 2015
AI
The lease at 303 E Wacker Dr, Chicago, IL, 60601 involved the Mosaic Financial Group occupying 7,513 square feet located on the 16th floor. The transaction is situated within the Chicago market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 303 E Wacker Dr, Chicago, IL, 60601
- Square Feet: 7,513
- Market: Chicago
- Tenant: Mosaic Financial Group
- Landlord: FCA
- Tenant's Representative: Ben Azulay - Bradford Allen Realty Services
- Landlord's Representative: Andrea Saewitz - Cushman & Wakefield
Ben Azulay from Bradford Allen Realty Services completed a 10-year lease for Mosaic Financial Group, who is relocating from 330 North Wabash Ave. Andrea Saewitz from Cushman & Wakefield represented FCA in this 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