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Doorage Leases 21627 Square Feet At 801 Chase Ave From Westmount Realty Capital

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LEASED
Howard Bergdoll

Illinois

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Commercial21,627 SF
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LEASED

Doorage Leases 21627 Square Feet At 801 Chase Ave From Westmount Realty Capital

801 Chase Ave, Elk Grove Village, IL...

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Commercial21,627 SF
Howard Bergdoll
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Summary

ILLINOIS
Asset Type:Commercial
Price Per Square Foot:$0
Total Square Footage:21,627 SF
Transaction Type:Lease

The property involved in this transaction is a warehouse located at 801 Chase Ave, Elk Grove Village, IL, consisting of 21,627 square feet. This asset is part of the Elk Grove Village market and will serve as the first warehouse for Doorage, a start-up offering on-demand self-storage services.

Summary of transaction details:

Mason Hezner represented the tenant, Doorage, which aims to expand its business in the Chicago area and beyond. The landlords, Westmount Realty Capital, expressed intent to work with Doorage in facilitating future expansions to larger facilities. Andrew Maletich and Howard Bergdoll acted as the representatives for Westmount Realty Capital in this transaction.

Players

Mason Hezner
17 deals$5.7M volume
BROKER


Howard Bergdoll
Cawley Chicago
1 deal
BROKER

Westmount Realty Capital
BROKERAGE

Details

LEASED
IMAGE: 801 Chase Ave, Elk Grove Village, IL... MARKET: Elk Grove Village TENANT'S REP: Mason Hezner LANDLORD'S REP: Andrew Maletich & Howard Bergdoll - Cawley Chicago TENANT: Doorage LANDLORD: Westmount Realty Capital SQUARE FEET: 21627

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Deal Type
Effective Rent (Annual)

$1,239,646.59

Total Lease Value

$12,396,465.89

Net Landlord Cash Flow$1,239,646.59