Sloan Leases 20000 Square Feet At 333 N Green St Chicago Represented By Larry M. Cohn
333 N Green St, Chicago, IL, 60607
Building Size
20,000 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in the transaction is located at 333 N Green St, Chicago, IL, 60607, within the Chicago market. This asset features a total area of 20,000 square feet of rentable space. The lease was signed by Sterling Bay with the tenant, Sloan, which specializes in commercial plumbing systems. The property boasts large, flexible floorplates and full-service tenant amenities, and has achieved a leasing level of 93 percent with other notable tenants.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 333 N Green St, Chicago, IL, 60607
- Square Feet: 20,000
- Tenant: Sloan
- Landlord: Sterling Bay
- Tenant's Representative: Larry M. Cohn - @Properties Commercial
- Landlord's Representative: Gillian Keebler - Sterling Bay
This lease transaction was negotiated by Sterling Bay’s executive vice president of leasing, Russ Cora, and leasing associate, Gillian Keebler. The tenant, Sloan, is recognized for its commitment to providing sustainable restroom solutions and aims to enhance its operational footprint in Fulton Market. This location will serve as their first Chicago showroom to facilitate closer engagement with the local design community.
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