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400410 Michigan Avenue, Chi...

Zeller Realty Group Leases 29000 Square Feet At 400410 Michigan Avenue Chicago To Tenant Represented By Craig Nadborne And John Skalla
LEASEDOffice

Zeller Realty Group Leases 29000 Square Feet At 400410 Michigan Avenue Chicago To Tenant Represented By Craig Nadborne And John Skalla

400410 Michigan Avenue, Chicago, IL...

Building Size

29,000 SF

Asset Type

Office

Closing

Feb 7, 2017

AI

The property involved in this transaction is located at 400410 Michigan Avenue, Chicago, IL. The asset covers a total area of 29,000 square feet. It is situated in the Chicago market and is recognized as the Wrigley Building, where the transaction pertains to the leasing of space.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Square Feet: 29,000
  • Address: 400410 Michigan Avenue, Chicago, IL
  • Market: Chicago
  • Tenant's Representatives: Craig Nadborne (Bradford Allen Realty Services), John Skalla (Bradford Allen Realty Services)
  • Tenant: Home Chef
  • Landlord: Zeller Realty Group

Bradford Allen Realty Services' Craig Nadborne and John Skalla represented Home Chef in this leasing transaction. Home Chef is relocating its headquarters to the Wrigley Building, occupying the 14th floors of both the north and south towers, moving from 225 West Ohio.

Players

Craig Nadborne

Bradford Allen Realty Services

Broker

1 deal

Broker
ZG
Zeller Realty GroupLandlord

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