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9600 W Bryn Mawr Ave, Rosem...

Intelligent Medical Objects Leases 43384 Square Feet At 9600 W Bryn Mawr Ave Rosemont
LEASEDOffice

Intelligent Medical Objects Leases 43384 Square Feet At 9600 W Bryn Mawr Ave Rosemont

9600 W Bryn Mawr Ave, Rosemont, IL...

Building Size

43,384 SF

Asset Type

Office

Closing

Feb 5, 2019

AI

9600 W Bryn Mawr Ave, located in Rosemont, IL, is part of the O’Hare Gateway Office Center, a 350,000-square-foot, Class A office complex. Intelligent Medical Objects (IMO) has signed a lease for 43,384 square feet within this property, becoming the first tenant after the building's extensive renovation. The relocation marks IMO's move from its previous offices at 60 Revere Drive in Northbrook, Illinois to this new location in the second quarter of 2019.

Summary of transaction details:

In this transaction, Savills Studley represented the tenant, Intelligent Medical Objects, while Cushman & Wakefield represented the landlord. The deal reflects the strategic importance of location for the healthcare technology firm as it consolidates its operations in a newly renovated space.

Players

Jon Azulay

Savills

Broker

3 deals

Broker

Rosemont 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