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
Chicago Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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