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10000 West Balmoral Avenue ...

Worldwide Flight Services Leases 132K-SF Industrial Property Near O'Hare International Airport
LEASEDIndustrial

Worldwide Flight Services Leases 132K-SF Industrial Property Near O'Hare International Airport

10000 West Balmoral Avenue Chicago, Illinois 60666, Usa

Building Size

Asset Type

Industrial

Closing

Jun 20, 2023

AI

Worldwide Flight Services has leased a 132,000-square-foot industrial property located at 10000 West Balmoral Ave in Chicago's Northeast Cargo Complex. The property, developed and owned by Realterm, also includes 10,000 square feet of office space. The lease transaction was completed on 06/20/2023.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 10000 West Balmoral Avenue
  • Market: Chicago

Realterm, represented by Bob Fordi from their agency, served as the landlord for this lease deal. Worldwide Flight Services, on the other hand, acted as the tenant. The property's proximity to O'Hare International Airport makes it an ideal location for an industrial facility.

Players

Bob Fordi

Realterm

Landlord

$111M

vol

5 deals

Landlord

Chicago Industrial Market Snapshot

Boundary boundary · Industrial · 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