Bradford Allen Secures Lease Agreements For 570 Lake Cook Road In Deerfield, Illinois
570 Lake Cook Rd Deerfield, IL 60015, USA
$19
$19/SF
Building Size
35,000 SF
Asset Type
Office
Closing
May 26, 2023
About this deal
AI
Bradford Allen has secured lease agreements totaling 35,000 square feet at 570 Lake Cook Road in Deerfield, Illinois. The property is a renovated five-story building. Coworking firm Venture X will open a 19,000-square-foot flex office location, while planning and design consulting firm Kimley-Horn expanded its office space to 16,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 570 Lake Cook Road
- Market: Deerfield
The landlord's representative is Joel Berger from Bradford Allen. The tenant's representatives are Vic Sanmiguel from Bespoke Commercial Real Estate, as well as Hayden Rasmussen and Jon Azulay from Savills.
On the Map
$19
$19/SF
Office
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Players
Deerfield 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
834894.74%
Cash-on-Cash
-238615.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93