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10915 Franklin Ave, Schille...

Brown Commercial Group Negotiates Lease For TDC Supply At 10915 Franklin Ave
LEASEDIndustrial

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:

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

Trinity Scurto

Brown Commercial Group

Broker

$710K

vol

10 deals

Broker
MI
Metro Resource Investment and Management Inc.Landlord

Franklin Park Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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