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N Wacker Dr

Highstreet Insurance Partners Leases 6000 SF Office Space At 180 N Wacker In Chicago
LEASEDOffice

Highstreet Insurance Partners Leases 6000 SF Office Space At 180 N Wacker In Chicago

N Wacker Dr

$40

$40/SF

Building Size

6,000 SF

Asset Type

Office

Closing

Feb 1, 2025

AI

The office asset located at 180 N Wacker in Chicago has been leased for a total amount of $40 per square foot. The space encompasses 6,000 square feet and is categorized under a modified gross lease type.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $240,000
  • Address: 180 N Wacker
  • Market: Chicago
  • Tenant: Highstreet Insurance Partners
  • Asking Rent: $40/ft
  • Lease Type: Modified Gross Lease
  • Broker Representatives: Jen Belz & Karen Schwartz - Dream Town Real Estate

Jen Belz and Karen Schwartz from Dream Town Real Estate represented the tenant, Highstreet Insurance Partners, in this leasing transaction. Their expertise in the market facilitated the completion of this lease at a prominent office location.

Players

Karen Schwartz

Dream Town Realty

Broker

$4.5M

vol

2 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

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93