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
About this deal
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.
On the Map
$40
$40/SF
Office
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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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93