Voodoo Doughnuts Leases 2,734 SF Retail Space In Chicago With Landlord's Rep Nick Dries
945 West Randolph Street
Building Size
2,734 SF
Asset Type
Retail
Closing
Oct 20, 2023
AI
A lease agreement has been signed for a retail space at 945 West Randolph Street in Chicago. The property is a 2,734-square-foot retail space. The landlord, The Feil Organization, represented by Nick Dries, has leased the space to Voodoo Doughnuts, represented by Ali Hicks and Sean Bossy of Tether Advisors.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 945 West Randolph Street, Chicago
- Market: Chicago
- Size: 2,734 square feet
- Landlord: The Feil Organization - Jeffrey Feil
- Tenant: Voodoo Doughnuts - Chris Schultz
- Landlord's Representative: Nick Dries - The Feil Organization
- Tenant's Representatives: Ali Hicks & Sean Bossy - Tether Advisors
The lease transaction for the retail space at 945 West Randolph Street in Chicago involved Voodoo Doughnuts as the tenant, represented by Ali Hicks and Sean Bossy of Tether Advisors. The landlord, The Feil Organization, was represented by Nick Dries, showcasing the collaboration between the different individuals and companies involved in the deal.
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