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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Touchpoint Logistics
- Landlord: Stockbridge Capital Group
- Tenant's Representative: Kenneth Franzese-Lee & Associates, John Cassidy-Lee & Associates
- Landlord's Representative: John Sharpe-Lee & Associates
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.
On the Map
Players
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