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762 Birginal Dr, Bensenvill...

Proline Foods Leases 4165 Sq Ft Commercial Space At 762 Birginal Dr, Bensenville
LEASEDCommercial

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

Matthew Hanson

Brown Commercial Group

Broker

$3.1M

vol

11 deals

Broker

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