facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Industrial

/

Lease

/

12600 S Hamlin Ct Alsip, IL...

US LBM Renews Five-Year Lease For Industrial Warehouse In Alsip, Illinois
LEASEDIndustrial

US LBM Renews Five-Year Lease For Industrial Warehouse In Alsip, Illinois

12600 S Hamlin Ct Alsip, IL 60803, USA

$12

$12/SF

Building Size

45,000 SF

Asset Type

Industrial

Closing

Jul 25, 2023

AI

The US LBM's Hines Building Supply division has secured a lease renewal for its warehouse space in Alsip, Illinois. The property, located at 12600 South Hamlin Court, offers more than 45,000 square feet of industrial space. The lease, brokered by Karen Kulczycki and Beverly Hayes of SVN Chicago Commercial and CBRE, represents a five-year commitment for US LBM.

Summary of transaction details

  • Property Type: Industrial
  • Asking Rent: $12.50/ft.
  • Square Footage: 45,000
  • Address: 12600 South Hamlin Court, Alsip, Illinois
  • Market: Alsip

Karen Kulczycki and Beverly Hayes from SVN Chicago Commercial, along with CBRE as the tenant's representative, played a crucial role in facilitating the lease renewal. Their efforts allowed US LBM to secure the necessary warehouse space for its Hines Building Supply division in Alsip, Illinois. This deal demonstrates the successful collaboration between all parties involved in the transaction, highlighting the commitment to meeting the tenant's needs and ensuring a smooth leasing process.

Players

Beverly Hayes

SVN

Broker

$5.7M

vol

2 deals

Broker

Chicago 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

1321916.67%

Cash-on-Cash

-377807.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93