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8601 W Bryn Mawr Ave, Chica...

Green Office Partners Leases 3,700 SF Office Space In Chicago From Berger Asset Management
LEASEDOffice

Green Office Partners Leases 3,700 SF Office Space In Chicago From Berger Asset Management

8601 W Bryn Mawr Ave, Chicago, IL, 6...

Building Size

3,700 SF

Asset Type

Office

Closing

Oct 15, 2019

AI

The office property located at 8601 W Bryn Mawr Ave in Chicago, IL, encompasses 3,700 square feet. The landlord, Berger Asset Management, recently completed renovations on the property. Green Office Partners, a print services company catering to small and medium businesses, secured a lease for the space on October 15, 2019.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Tenant's Rep: Steven Goldstein(NorthMarq)
  • Tenant: Green Office Partners
  • Landlord: Berger Asset Management
  • Square Feet: 3700

Steven Goldstein from NorthMarq represented Green Office Partners in the lease transaction, facilitating their move from the central business district to the renovated office space. Berger Asset Management, the property owner, continues to reposition the 12-building office complex, attracting tenants like Green Office Partners in the process.

Players

Steven Goldstein

NorthMarq

Broker

$260M

vol

12 deals

Broker
BM
Berger Asset ManagementLandlord

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