Coro Leases 21,000 SF Office Space At 550 West Van Buren Street In Chicago
550 West Van Buren Street, Chicago, Illinois 60605, United States
Building Size
21,000 SF
Asset Type
Office
Closing
Dec 14, 2022
About this deal
AI
Coro, a tenant, has recently signed a lease for an office space located at 550 West Van Buren Street in Chicago. The office space covers an area of 21,000 square feet and is owned by the Onni Group.
Summary of transation details
- Property Type: Office
- Transaction Date: 12/14/2022
- Address: 550 West Van Buren Street, Chicago
- Market: Chicago
- Square Footage: 21,000
The landlord's representatives in this deal are Ben Cleveland and Mark Gunderson from Stream Realty Partners, while Eddie Viliunas from JLL represents the tenant, Coro.
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