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600 West Cermak Road, Chica...

Our Day Job Leases 3,500 SF Office Space In Pilsen Chicago At 600 W Cermak Rd
LEASEDOffice

Our Day Job Leases 3,500 SF Office Space In Pilsen Chicago At 600 W Cermak Rd

600 West Cermak Road, Chicago, Illinois 60616, United States

Building Size

3,500 SF

Asset Type

Office

Closing

May 4, 2022

AI

An office space located at 600 W Cermak Rd., Suite 200 in Pilsen, Chicago has been leased. The property, spanning 3,500 square feet, was leased by Mumford Properties to Our Day Job. The lease transaction was facilitated by Rich Larson of CTK Chicago Partners, representing the landlord, and James Hodur and Ben Miotti of Coldwell Banker, representing the tenant. The asking rent for the space was $17.77 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 600 W Cermak Rd., Suite 200
  • Market: Pilsen, Chicago
  • Landlord: Mumford Properties
  • Tenant: Our Day Job
  • Landlord's Representative: Rich Larson - CTK Chicago Partners
  • Tenant's Representatives: James Hodur & Ben Miotti - Coldwell Banker
  • Asking Rent: $17.77 per square foot
  • Square Footage: 3,500

The lease transaction involved the collaboration of several key individuals and companies. Rich Larson, from CTK Chicago Partners, represented the landlord, Mumford Properties. James Hodur and Ben Miotti, both from Coldwell Banker, acted as the tenant's representatives in the deal.

Players

Benjamin Miotti

Coldwell Banker

Broker

$33.9M

vol

27 deals

Broker
MP
Mumford PropertiesLandlord

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