Kelly Givens Of Savills Represents Tenant In Lease At 600 W Chicago Ave Chicago IL
600 W Chicago Ave, Chicago, IL, 60654
Building Size
58,185 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The property involved in this lease transaction is located at 600 W Chicago Ave, Chicago, IL, 60654. The total square footage of the lease is 58,185. This transaction occurs within the Chicago market, which is known for its diverse commercial real estate options.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 600 W Chicago Ave, Chicago, IL, 60654
- Market: Chicago
- Square Feet: 58,185
- Landlord: Sterling Bay
- Tenant's Representative: Kelly Givens - Savills
This lease transaction showcases the involvement of Kelly Givens from Savills, representing the tenant, while Sterling Bay is the landlord in this arrangement. The specifics regarding the negotiation and terms of the lease have not been disclosed.
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