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2420 S Wood St, Chicago, IL...

Chicago CRED Leases 30671 Square Feet At 2420 S Wood St In Chicago
LEASEDRetail

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:

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

Marc Hale

CORFAC International

Broker

4 deals

Broker
Colliers
ColliersBrokerage
Darwin Realty
Darwin RealtyBrokerage

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