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
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