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
Chicago 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
1321916.67%
Cash-on-Cash
-377807.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93