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1850 W Chicago Ave, Chicago...

Children's Learning Place Leases 8000 Square Feet At 1850 W Chicago Ave From Fifield Companies
LEASEDRetail

Children's Learning Place Leases 8000 Square Feet At 1850 W Chicago Ave From Fifield Companies

1850 W Chicago Ave, Chicago, IL, 606...

Building Size

8,000 SF

Asset Type

Retail

Closing

Jan 17, 2017

AI

The property involved in this transaction is located at 1850 W Chicago Ave, Chicago, IL, with a total square footage of 8000. It is part of the Chicago market and is leased to Children’s Learning Place. The landlord is Fifield Companies.

Summary of transaction details:

  • Property Type: LEASE
  • Transaction Amount: Not specified
  • Square Feet: 8000
  • Address: 1850 W Chicago Ave, Chicago, IL, 606...
  • Market: Chicago
  • Landlord: Fifield Companies
  • Tenant: Children’s Learning Place
  • Landlord's Rep: Katie Whelan (Jameson Commercial), Chris Irwin (Colliers International)
  • Tenant's Rep: Noah O’Neill

Katie Whelan from Jameson Commercial and Chris Irwin from Colliers International represented Fifield Companies in this lease transaction. Noah O’Neill represented the tenant, Children’s Learning Place, in the deal.

Players

Chris Irwin

Colliers

Broker

2 deals

Broker
FC
Fifield CompaniesLandlord

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