FCA Lands Tenant In Des Plaines Lease For 18890 Square Feet With CBRE Representation
1350 E Touhy Ave, Des Plaines, IL, 60...
Building Size
18,890 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in this lease transaction is located at 1350 E Touhy Ave, Des Plaines, IL, offering a total of 18,890 square feet. The lease is situated within the Des Plaines market, under the ownership of FCA.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1350 E Touhy Ave, Des Plaines, IL
- Square Feet: 18,890
- Market: Des Plaines
- Landlord: FCA
- Tenant's Representatives: Gary Fazzio-CBRE, Jonathan "Jon" Springer-CBRE
The deal includes Gary Fazzio and Jonathan "Jon" Springer from CBRE representing the tenant in this transaction. Their involvement highlights the professional representation behind the leasing agreement executed with FCA.
Players
Des Plaines 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