Clear Height Properties Leases 34,700 Sq Ft Industrial Service Facility In Addison, Illinois With JLL's Dominic Carbonari
1404 W Fullerton Ave Addison, IL 60101, USA
$8
$8/SF
Building Size
34,700 SF
Asset Type
Industrial
Closing
Jul 11, 2023
AI
Clear Height Properties has leased a 34,700 sq ft Industrial Service Facility (ISF) located at 1404 West Fullerton Avenue in Addison, Illinois. The property was previously purchased and renovated by Clear Height Properties before being leased. The lease transaction was facilitated by Dominic Carbonari of JLL. The Industrial Service Facility is part of the Addison market.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 1404 West Fullerton Avenue, Addison, Illinois
- Market: Addison
- Tenant: Clear Height Properties - Max Hoye
- Broker: Dominic Carbonari - JLL
- Asking Rent: $8.50/ft
- Square Footage: 34,700 sq ft
Clear Height Properties, represented by Max Hoye, leased the Industrial Service Facility in Addison, Illinois. Dominic Carbonari from JLL acted as the broker in this transaction. The lease agreement was made after Clear Height Properties purchased and renovated the vacant property.
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
1982875.00%
Cash-on-Cash
-566711.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93