Tie Bar Leases Retail Space At 918 W. Armitage Avenue In Lincoln Park, Chicago
918 West Armitage Avenue, Chicago, IL, USA
Building Size
3,620 SF
Asset Type
Retail
Closing
Oct 19, 2021
About this deal
AI
The retail property located at 918 W. Armitage Avenue in Lincoln Park, Chicago has recently been leased. The property spans a total square footage of 3,620. The transaction took place on October 19, 2021.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Market: Lincoln Park, Chicago
- Tenant: Tie Bar
- Asking Rent: $65/ft.
- Landlord's Representative: James Hodur & Ben Miotti - Coldwell Banker
The lease deal was facilitated by James Hodur and Ben Miotti from Coldwell Banker, who represented the landlord in the transaction. The asking rent for the property was $65 per square foot.
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