LIK Fine Art Leases 3052 Square Feet At 444 N Michigan Ave Chicago From GLL Real Estate Partners
444 N Michigan Ave, Chicago, IL, 60611
Building Size
3,052 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 444 N Michigan Ave, Chicago, IL, 60611. The space encompasses a total of 3,052 square feet and operates within the Chicago market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: LIK Fine Art
- Landlord: GLL Real Estate Partners
- Tenant's Representative: David Goldberg - Goldstreet Partners
This lease transaction highlights the collaboration between the tenant, LIK Fine Art, and the landlord, GLL Real Estate Partners, with David Goldberg from Goldstreet Partners representing the tenant in the negotiations.
On the Map
Office
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Players
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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