Brown Commercial Group Negotiates Lease For TDC Supply At 10915 Franklin Ave
10915 Franklin Ave, Schiller Park, IL...
Building Size
3,840 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
An industrial property located at 10915 Franklin Ave in Schiller Park, IL, with a total of 3,840 square feet, was leased out in the Franklin Park market. The landlord of this property is Metro Resource Investment and Management Inc.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Tenant: TDC Supply
- Tenant's Representative: Trinity Scurto (Brown Commercial Group)
- Square Feet: 3840
Trinity Scurto from Brown Commercial Group represented TDC Supply in the lease of Unit D at the industrial property. This tenant opted for this unit for additional storage space for their packing supply business, specifically looking for a smaller unit in the O'Hare submarket. Additionally, two other tenants, Tire & Wheel Connection and E-Tech Trading, were represented by Pat Crowley from Brown Commercial Group in leasing Unit E and Unit H, respectively. Both of these tenants were expanding their operations.
Players
Franklin Park 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