Vapiano Signs Lease At 630 N Rush St Chicago Represented By Matthew Alexander And John Skalla
630 N Rush St, Chicago, IL, 60611
Building Size
9,772 SF
Asset Type
Retail
Closing
Apr 11, 2017
AI
A lease transaction took place for a restaurant space located at 630 N Rush St, Chicago, IL, encompassing 9,772 square feet. The property is situated in the Chicago market, serving as Vapiano's third location.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 630 N Rush St, Chicago, IL, 60611
- Square Feet: 9,772
- Tenant: Vapiano
- Landlord: FCA
- Tenant's Representatives: Matthew Alexander and John Skalla from Bradford Allen Realty Services
- Landlord's Representatives: Todd Siegel and Phil Golding from CBRE
Matthew Alexander and John Skalla represented Vapiano in this transaction, while Todd Siegel and Phil Golding represented the landlord, FCA. This lease strengthens Vapiano's presence in the Chicago area.
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