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550 West Van Buren Street, ...

Coro Leases 21,000 SF Office Space At 550 West Van Buren Street In Chicago
LEASEDOffice

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

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.

Players

Benjamin Cleveland

Stream Realty Partners⁠

Broker

2 deals

Broker
Onni Group
Onni GroupLandlord

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