Proline Foods Leases 4165 Sq Ft Commercial Space At 762 Birginal Dr, Bensenville
762 Birginal Dr, Bensenville, IL, 60106
Building Size
4,165 SF
Asset Type
Commercial
Closing
Aug 20, 2019
AI
The commercial property involved in the transaction is a 4,165-square-foot building located at 762 Birginal Drive in Bensenville, Illinois. Proline Foods, a dry food distributor, moved to this larger space from their previous 1,300-square-foot unit in Bensenville to accommodate their growth and need for a more efficient distribution space with a dock facility.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not provided
- Tenant: Proline Foods
- Tenant's Representative: Matt Hanson (Brown Commercial Group)
- Landlord's Representative: Mike Antonelli (Unknown)
- Square Feet: 4,165
- Address: 762 Birginal Dr, Bensenville, IL, 60106
- Market: Bensenville
Brown Commercial Group broker, Matt Hanson, represented Proline Foods in the transaction, helping them triple their space to move into the new building. On the other side, the building owner was represented by Brown Commercial Group partner, Mike Antonelli, who acted on behalf of a private investor.
Players
Bensenville 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