Chicago CRED Leases 30671 Square Feet At 2420 S Wood St In Chicago
2420 S Wood St, Chicago, IL, 60608
Building Size
30,671 SF
Asset Type
Retail
Closing
Nov 19, 2023
AI
The property at 2420 S Wood St, Chicago, IL, 60608 has a total square footage of 30,671 and is located in the Chicago market. The transaction involved a lease agreement, although the landlord remains unidentified.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 2420 S Wood St, Chicago, IL, 60608
- Market: Chicago
- Square Feet: 30,671
- Landlord's Representative: Marc Hale - CORFAC International, Edward Wabick - Paine/Wetzel TCN Worldwide
- Tenant: Chicago CRED
- Landlord: Unknown
The deal involved Marc Hale and Edward Wabick representing the landlord, ensuring the interests of the landlord were advocated during the lease agreement with tenant Chicago CRED.
Players
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