Etta Collective Leases Retail Space At Evanston Labs In Evanston
710 Clark St Evanston, IL 60201, USA
$40
$40/SF
Building Size
6,808 SF
Asset Type
Retail
Closing
Jun 7, 2023
AI
Etta Collective, a restaurant group, has leased the entire ground-floor retail space at Evanston Labs in Evanston. The forthcoming 10-story building offers Class A life sciences space and is located near Northwestern University. The lease transaction for the retail space was facilitated by Trammell Crow Co., the landlord, with the assistance of their representatives Dan Lyne and Brandon Green from CBRE. The tenant, Etta Collective, was represented by David Burden from Colliers. The asking rent for the space was $40 per square foot, and the total area of the retail space is 6,808 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 710 Clark Street, Evanston
- Market: Evanston
- Landlord: Trammell Crow Co.
- Tenant: Etta Collective
- Landlord's Rep: Dan Lyne & Brandon Green - CBRE
- Tenant's Rep: David Burden - Colliers
- Asking Rent: $40/ft.
- Total Square Footage: 6,808
Etta Collective plans to open its eatery in the summer of 2024 in the leased retail space at Evanston Labs.
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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93