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55 East Monroe Street

Heartland Alliance Leases Office Space In Chicago's 55 East Monroe Street
LEASEDOffice

Heartland Alliance Leases Office Space In Chicago's 55 East Monroe Street

55 East Monroe Street

$24

$24/SF

Building Size

21,000 SF

Asset Type

Office

Closing

May 4, 2023

AI

The property involved in this lease transaction is an office space located at 55 East Monroe Street in Chicago. The asset spans a total of 21,000 square feet and is represented by Andrew Davidson from Transwesten as the broker. The tenant for this lease is Heartland Alliance.

Summary of transaction details

  • Property Type: Office
  • Address: 55 East Monroe Street, Chicago
  • Market: Chicago
  • Tenant: Heartland Alliance
  • Broker: Andrew Davidson - Transwesten
  • Asking Rent: $24/ft.
  • Square Footage: 21,000

The key individual involved in this leasing deal is Andrew Davidson, who represents the tenant Heartland Alliance as the broker from Transwesten. Andrew played a crucial role in facilitating this transaction and ensuring a successful lease agreement between Heartland Alliance and the property owner. The asking rent for this office space is set at $24 per square foot.

Players

Andrew Davidson

Transwestern

Broker

$7.5M

vol

5 deals

Broker

Mount Holly Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

660958.33%

Cash-on-Cash

-188903.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93