Cherokee Manufacturing Leases Industrial Space At 1225 Karl Court In Wauconda
1225 Karl Court
Building Size
50,000 SF
Asset Type
Industrial
Closing
Nov 3, 2023
AI
Cherokee Manufacturing has recently signed a lease for an industrial property located at 1225 Karl Court in Wauconda. The property, spanning 50,000 square feet, is situated in the Wauconda market.
Summary of Transaction Details:
- Property Type: Industrial
- Tenant: Cherokee Manufacturing
- Address: 1225 Karl Court
- Market: Wauconda
- Square Footage: 50,000
The landlord's representative in this lease transaction was Brian Bocci from Entre Commercial Realty. On the other hand, Joe Karmin from Transwestern represented the tenant, Cherokee Manufacturing.
Players
Wauconda 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