Daniel S. Jaffee Of Oil-Dri Corp. Leases 20,000 SF Office At Wrigley Building In Chicago
400 North Michigan Avenue
Building Size
20,000 SF
Asset Type
Office
Closing
Sep 25, 2026
About this deal
AI
The asset involved in the transaction is a newly built-out office space located at 400-410 North Michigan Avenue in Chicago, IL. The leased space encompasses 20,000 square feet. The landlord for this transaction is Mansueto Properties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 400-410 North Michigan Avenue
- Market: Chicago, IL
- Landlord: Mansueto Properties
- Tenant: Daniel S. Jaffee - Oil-Dri Corp. of America
- Brokers: Erica Marshall & Katie Hull - Stream Realty Partners; Nicole Becker, Sarah Silva & Bess Cooney - JLL
In this transaction, Oil-Dri Corp. of America renewed its long-term office lease and will relocate to a 20,000-square-foot floor in the Wrigley Building. JLL represented Oil-Dri Corp. of America, while Stream Realty Partners acted on behalf of Mansueto Properties in this deal.
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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