Next Realty Leases 32000 Sq Ft Space To Big Lots In Niles
7233 W Dempster St, Niles, IL, 60714
Building Size
32,000 SF
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
The property located at 7233 W Dempster St, Niles, IL, 60714, with a total square footage of 32000, was leased in the Niles market. Big Lots acted as the tenant, represented by Vince Cattano, while Next Realty served as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Tenant: Big Lots
- Landlord: Next Realty
- Tenant's Representative: Vince Cattano (Big Lots)
- Address: 7233 W Dempster St, Niles, IL, 60714
- Market: Niles
- Square Feet: 32000
Vince Cattano, serving as Big Lots' representative, facilitated the leasing deal for the property. The agreement between Big Lots and Next Realty marks a significant collaboration in the commercial real estate space, bringing together key players in the Niles market.
On the Map
Players
Niles 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