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309 N Justine St Chicago, I...

Doris Talent Leases Office Space At 309 North Justine Street In Chicago
LEASEDOffice

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

Nedal Kawash

Kawash Group

Broker

$2.1M

vol

3 deals

Broker

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