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Midwest Industrial Funds Leases 75000 Square Feet To Tenant At 1359 Ridgeview Dr McHenry

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LEASED

Illinois

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Industrial75,000 SF
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LEASED

Midwest Industrial Funds Leases 75000 Square Feet To Tenant At 1359 Ridgeview Dr McHenry

1359 Ridgeview Dr, McHenry, IL, 60050

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Industrial75,000 SF
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:75,000 SF
Transaction Type:Lease

The property involved in this lease transaction is located at 1359 Ridgeview Drive, McHenry, IL, 60050. It is a 75,000-square-foot industrial building, previously a Motorola production site. The structure has a clear height of 28 feet and is owned by Midwest Industrial Funds. Renovations are planned to enhance the office space and increase air conditioning capacity.

Summary of transaction details:

  • Property Type: Industrial Lease
  • Transaction Amount: Not specified
  • Address: 1359 Ridgeview Dr, McHenry, IL, 60050
  • Market: McHenry
  • Tenant: Superior Felt & Filtration
  • Landlord: Midwest Industrial Funds
  • Tenant's Representatives: Daniel Benassi - Entre Commercial Realty, Daniel T. Jones - Entre Commercial Realty
  • Square Feet: 75,000

Representing the tenant, Superior Felt & Filtration, in this lease transaction were Daniel Benassi and Daniel T. Jones from Entre Commercial Realty. The lease was finalized as SFF expands its operations due to increased demand for personal protection equipment related to the coronavirus pandemic.

Players

Daniel T. Jones
7 deals$1.5M volume(847) 310-4299
BROKER


LANDLORD

Details

LEASED
IMAGE: 1359 Ridgeview Dr, McHenry, IL, 60050 MARKET: McHenry TENANT'S REP: Daniel Benassi-Entre Commercial Realty, Daniel T. Jones-Entre Commercial Realty TENANT: LANDLORD: Midwest Industrial Funds SQUARE FEET: 75000

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Deal Type
Effective Rent (Annual)

$4,298,954.74

Total Lease Value

$42,989,547.42

Net Landlord Cash Flow$4,298,954.74