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1404 W Fullerton Ave Addiso...

Clear Height Properties Leases 34,700 Sq Ft Industrial Service Facility In Addison, Illinois With JLL's Dominic Carbonari
LEASEDIndustrial

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

Dominic Carbonari

JLL

Broker

$24.5M

vol

7 deals

Broker
Clear Height Properties
Clear Height PropertiesTenant

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