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1811 South Wabash Avenue, C...

Key 2 Glam, Inc. Leases Retail Space At 1811 S Wabash Ave In Near South Side, Chicago
LEASEDRetail

Key 2 Glam, Inc. Leases Retail Space At 1811 S Wabash Ave In Near South Side, Chicago

1811 South Wabash Avenue, Chicago, Illinois 60616, United States

Building Size

1,638 SF

Asset Type

Retail

Closing

Apr 27, 2022

AI

Key 2 Glam, Inc. has entered into a lease agreement for a retail space located at 1811 S Wabash Ave in the Near South Side, Chicago. The property spans an area of 1,638 square feet and the lease was signed on April 28, 2022. The landlord is WAB 1811, LLC.

Summary of transaction details

  • Property Type: Retail
  • Address: 1811 S Wabash Ave, Near South Side, Chicago
  • Lease Date: April 28, 2022
  • Tenant: Key 2 Glam, Inc.
  • Landlord: WAB 1811, LLC

The leasing transaction was facilitated by James Hodur and Ben Miotti from Coldwell Banker. They represented both Key 2 Glam, Inc. as the tenant and WAB 1811, LLC as the landlord.

The asking rent for the retail space was $19.47 per square foot.

Players

Benjamin Miotti

Coldwell Banker

Broker

$33.9M

vol

27 deals

Broker

Chicago Retail Market Snapshot

Boundary boundary · Retail · 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