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
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