Lions Logistics Leases 25054 Square Feet At 1260 Lunt Ave Elk Grove Village From CenterPoint Properties
1260 Lunt Ave, Elk Grove Village, IL, 6...
Building Size
25,054 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 1260 Lunt Ave, Elk Grove Village, IL, covering an area of 25,054 square feet. The market for this lease resides in Elk Grove Village. The landlord for this property is CenterPoint Properties, and the tenant is Lions Logistics.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1260 Lunt Ave, Elk Grove Village, IL
- Market: Elk Grove Village
- Landlord: CenterPoint Properties
- Tenant: Lions Logistics
- Landlord's Rep: Chris Tecu-Avison Young
- Square Feet: 25,054
The deal was facilitated by Chris Tecu, representing the landlord, CenterPoint Properties, highlighting the collaborative efforts in securing this lease for Lions Logistics.
Players
Elk Grove Village CRE Market Snapshot
Boundary boundary · CRE · 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