EVRAZ North America Leases Office Space At 71 S Wacker Dr, Chicago
71 S Wacker Dr, Chicago, IL, 60606
Building Size
27,717 SF
Asset Type
Office
Closing
Dec 13, 2018
About this deal
AI
The property at 71 S Wacker Dr, Chicago, IL, 60606, is an office space spanning 27,717 square feet. The lease was signed on 12/13/2018 in the Chicago market. EVRAZ North America, a leading producer of engineered steel products for rail, energy, and industrial end markets, is the tenant, with Irvine Company Office Properties being the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant's Rep: Robert Schmidt(JLL)
- Tenant: EVRAZ North America
- Landlord: Irvine Company Office Properties
- Square Feet: 27,717
The tenant diversity in this deal is evident with Columbia Threadneedle Investments securing 21,737 square feet, Spectrum Science Communications leasing 4,871 square feet, and EVRAZ North America taking up the largest space at 27,717 square feet.
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