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415 North Aberdeen Street, ...

Lofty LLC Leases Office Space At 415 N Aberdeen St In West Loop, Chicago
LEASEDOffice

Lofty LLC Leases Office Space At 415 N Aberdeen St In West Loop, Chicago

415 North Aberdeen Street, Chicago, Illinois 60642, United States

Building Size

1,800 SF

Asset Type

Office

Closing

Sep 25, 2022

AI

An office space located at 415 N Aberdeen St in the West Loop neighborhood of Chicago has recently been leased. The transaction took place on September 26, 2022. The property, measuring approximately 1,800 square feet, was leased by Lofty LLC.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: September 26, 2022
  • Address: 415 N Aberdeen St
  • Market: West Loop, Chicago

The lease was facilitated by James Hodur and Ben Miotti from Coldwell Banker Commercial NRT, who represented the landlord, Kinzie Building Company, LLC.

The asking rent for the office space was $21.39 per square foot.

Players

Benjamin Miotti

Coldwell Banker

Broker

$33.9M

vol

27 deals

Broker
KL
Kinzie Building Company, LLCLandlord
LL
Lofty LLCTenant

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