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

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LEASED
$12

Illinois

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Industrial45,000 SF
Leased 07/25/2023
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LEASED

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

12600 S Hamlin Ct Alsip, IL 60803, USA

See Similar Deals
Industrial45,000 SF
Leased 07/25/2023
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$12
Total Square Footage:45,000 SF
Transaction Type:Lease

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
2 deals$5.7M volume(312) 756-7330
BROKER

Karen Kulczycki
SVN
3 deals$4.3M volume(630) 330-3352
BROKER

Details

LEASED
IMAGE: Karen Kulczycki & Beverly Hayes DATE: 07/25/2023 ADDRESS: 12600 South Hamlin Court MARKET: Alsip ASSET TYPE: Industrial TENANT: US LBM (@USLBM) LANDLORD'S REP: Karen Kulczycki & Beverly Hayes - SVN Chicago Commercial (@SVN_Chicago) TENANT'S REP: CBRE (@CBRE) ASKING RENT: $12.50/ft. ~ SF: 45,000 LEASE TERMS: 5 year NOTE: Karen Kulczycki and Beverly Hayes of SVN Chicago Commercial secured a five-year lease renewal for US LBM's Hines Building Supply division in Alsip, Illinois. The deal involved more than 45,000 square feet of warehouse space and was brokered by SVN Chicago Commercial and CBRE, representing the landlord and tenant.

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Deal Type
Effective Rent (Annual)

$644,843.21

Total Lease Value

$6,448,432.11

Net Landlord Cash Flow$644,843.21