Kinship PACE Of Illinois LLC Leases 15,310 SF Retail Space In Chicago's Bricktown Square
6420 West Fullerton Avenue
Building Size
15,310 SF
Asset Type
Retail
Closing
Feb 27, 2024
About this deal
AI
Located at 6420 West Fullerton Avenue in Chicago, the property involved in the transaction is a 15,310-square-foot retail space at Bricktown Square shopping center.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: Kinship PACE of Illinois LLC
- Landlord's Rep: Campbell Wickland, Kate Ruzevich & Liz Krebs - Mid-America Real Estate
- Tenant's Rep: Beau Ladwig & Donna Korn - Cushman & Wakefield
Kinship PACE of Illinois LLC, an elderly care program, leased the retail space, marking its first location in Illinois. The deal was facilitated by Cushman & Wakefield's Beau Ladwig and Donna Korn representing the tenant, and Mid-America Real Estate Group's Campbell Wickland, Liz Krebs, and Kate Ruzevich representing the landlord.
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