Doris Talent Leases Office Space At 309 North Justine Street In Chicago
309 N Justine St Chicago, IL 60607, USA
$28
$28/SF
Building Size
12,250 SF
Asset Type
Office
Closing
May 1, 2023
AI
Located at 309 North Justine Street in Chicago, this office space was recently leased in a closed transaction. The property boasts a spacious layout with a total square footage of 12,250. The deal was facilitated by and Danny Meiselman of Hudson Burnham, who represented the tenant, Doris Talent. The landlord, Steve Hamilton, successfully secured Doris Talent as the new tenant.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned
- Asking Rent: $28/ft
- Market: Chicago
The deal was finalized on May 1, 2023, with an asking rent of $28 per square foot. Danny Meiselman of Hudson Burnham, acting as Doris Talent's, negotiated the terms on behalf of the tenant. As per the agreement, Doris Talent will now occupy the office space located at 309 North Justine Street.
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
566535.71%
Cash-on-Cash
-161917.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93