Nextpoint, Inc. Leases Office Space In Chicago's Ravenswood Avenue Building
4545 N Ravenswood Ave Chicago, IL 60640, USA
$28
$28/SF
Building Size
12,758 SF
Asset Type
Office
Closing
Jun 29, 2023
AI
Nextpoint, Inc. has signed a lease agreement for office space at 4545 North Ravenswood Avenue in Chicago. The property spans a total of 12,758 square feet and is owned by HPL-4545 Ravenswood - Leon J. Harris and NeonOne, LLC - Paul Tennola.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 4545 North Ravenswood Avenue, Chicago
- Market: Chicago
- Tenant: Nextpoint, Inc.
- Landlord: HPL-4545 Ravenswood - Leon J. Harris; NeonOne, LLC - Paul Tennola
The lease agreement was facilitated by Ryan Foran from Cresa, who represented Nextpoint, Inc. in the transaction.
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
566535.71%
Cash-on-Cash
-161917.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93