Illinois Masonry Group Leases 22,000 SF Industrial Space At 1025 Busch Parkway In Buffalo Grove
1025 Busch Parkway
Building Size
22,000 SF
Asset Type
Industrial
Closing
Feb 6, 2024
AI
Illinois Masonry Group, a leading general contracting firm, is moving to a 22,000-square-foot building located at 1025 Busch Parkway in Buffalo Grove, Illinois. The industrial property offers a clear height of 19 feet, a dock, a large drive-in door, and 4,000 square feet of office space. The lease was facilitated by Brian Bocci of Entre Commercial Realty for the tenant and Michael Whetstone and Brian Silverman of JBS Commercial Real Estate for the landlord.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 22,000 SF
- Address: 1025 Busch Parkway, Buffalo Grove, Illinois
- Market: Buffalo Grove
The Illinois Masonry Group will be relocating to the industrial property at 1025 Busch Parkway. The lease was arranged through Brian Bocci from Entre Commercial Realty, representing the tenant, and Michael Whetstone and Brian Silverman from JBS Commercial Real Estate, representing the landlord. The move will provide the general contracting firm with a spacious facility suitable for their operations.
Players
Buffalo Grove 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