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
About this deal
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.
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Office
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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