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2300 Galvin Dr, Elgin, IL, ...

Touchpoint Logistics Leases 100014 Square Feet At 2300 Galvin Dr Elgin From Stockbridge Capital Group
LEASED

Touchpoint Logistics Leases 100014 Square Feet At 2300 Galvin Dr Elgin From Stockbridge Capital Group

2300 Galvin Dr, Elgin, IL, 60124

Building Size

100,014 SF

Asset Type

Closing

Nov 20, 2023

AI

The property asset involved in the transaction is located at 2300 Galvin Dr, Elgin, IL, 60124. It encompasses a total area of 100,014 square feet and is situated in the Elgin market.

Summary of transaction details:

This transaction involved key representatives from both sides. The tenant was represented by Kenneth Franzese-Lee & Associates and John Cassidy-Lee & Associates, while the landlord was represented by John Sharpe of Lee & Associates.

Players

Kenneth Franzese

Lee & Associates

Broker

$9.2M

vol

15 deals

Broker
Stockbridge
StockbridgeLandlord

Elgin 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