Club Studio Fitness Signs 45000 Square Foot Lease At 535 North Saint Clair In Chicago
535 North Saint Clair Street
Building Size
45,000 SF
Asset Type
Office
Closing
Jan 13, 2025
AI
The property at 535 North Saint Clair Street is an office asset consisting of 45,000 square feet located in the Chicago market. This mixed-use development is currently 95% leased in residential rentals and has its ground-floor retail fully leased.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 535 North Saint Clair Street
- Market: Chicago
- Landlord: Adam Friedberg - Mavrek; Andrew Juiris - Double Eagle Development; Andrea Gentilini - Luxury Living; Mitch Goltz & Shai Wolkowicki - GW Properties
- Tenant: Club Studio Fitness
- Landlord's Representative: Adam Pines & Matt Pistorio - Madison Rose
- Tenant's Representative: Cullen Hurley & Robert Sevim - Savills; John Kalamaras & Ted Slaughter - RealSource Group
Club Studio Fitness has signed a lease spanning three floors within the Saint Grand development, affirming the developers' vision for this mixed-use property. The leasing activity involved multiple representatives, showcasing the collaboration between various agencies to facilitate this 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93