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801 South Canal Street

R.M. Chin & Associates Lease 15,473 SF At Canal Station, Chicago
LEASEDOffice

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

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:

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.

Players

Bill Sheehy

CBRE

Broker

8 deals

Broker

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