R.M. Chin & Associates Lease 15,473 SF At Canal Station, Chicago
801 South Canal Street
Building Size
15,473 SF
Asset Type
Office
Closing
Jun 26, 2024
About this deal
AI
The consulting firm R.M. Chin & Associates has leased 15,473 square feet at Chicago's redeveloped Canal Station located at 801 South Canal Street. The property is an office asset managed by 601W Companies in the Chicago market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Eileen Chin - R.M. Chin & Associates
- Landlord: 601W Companies
- Tenant's Representative: Bill Sheehy & Brady Wolfe - CBRE
- Landlord's Representative: Jeff Dowdell & Matthew Whipple - Telos Group
The lease agreement was facilitated by Bill Sheehy & Brady Wolfe from CBRE, representing the tenant Eileen Chin of R.M. Chin & Associates. On the landlord's side, Jeff Dowdell & Matthew Whipple from Telos Group acted as the landlord's representatives in this transaction.
On the Map
Office
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Players
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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