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400 E St Charles Rd, Carol ...

Prime Carpentry Group, LLC Leases Commercial Space At 400 E St Charles Rd, Carol Stream
LEASEDCommercial

Prime Carpentry Group, LLC Leases Commercial Space At 400 E St Charles Rd, Carol Stream

400 E St Charles Rd, Carol Stream, IL...

Building Size

3,600 SF

Asset Type

Commercial

Closing

Nov 20, 2023

AI

The commercial property located at 400 E St Charles Rd in Carol Stream, IL, is a 3,600 square foot space leased by Prime Carpentry Group, LLC. The tenant was represented by Matt Hanson from Brown Commercial Group in this transaction that took place in the Lombard market.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: Not mentioned
  • Tenant's Rep: Matt Hanson (Brown Commercial Group)

Brown Commercial Group has been actively involved in several real estate transactions, including leases and sales, in Chicago's western suburbs. In particular, Brian Lindgren represented both the buyer and the seller in the sale of two adjacent buildings in Elgin. The transactions included the sale of two buildings to a plumbing contractor, Matthew Moraca Properties, who was expanding its business. Additionally, Trinity Scurto from Brown Commercial Group represented both the building owner, Metro Resource, and the tenant, Integrity Tech Group, in a lease agreement for 3,840 square feet at 10915 Franklin Avenue, Unit C, in Franklin Park.

Players

Matthew Hanson

Brown Commercial Group

Broker

$3.1M

vol

11 deals

Broker

Lombard Commercial Market Snapshot

Boundary boundary · Commercial · 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