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1420 W Thorndale Ave, Itasc...

Hamilton Partners Leases 43672 Square Feet At 1420 W Thorndale Ave Itasca
LEASEDIndustrial

Hamilton Partners Leases 43672 Square Feet At 1420 W Thorndale Ave Itasca

1420 W Thorndale Ave, Itasca, IL, 601...

Building Size

43,672 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

An industrial lease has been signed for a property located at 1420 W. Thorndale Ave, Itasca, IL, with a total square footage of 43,672. The lease is situated in the Itasca market, and the property is owned by Hamilton Partners.

Summary of transaction details:

  • Property Type: Industrial Lease
  • Transaction Amount: Not disclosed
  • Address: 1420 W Thorndale Ave, Itasca, IL, 601...
  • Market: Itasca
  • Square Feet: 43,672
  • Tenant: Sonica International
  • Tenant's Representatives: Matt Garland, Andrew Maletich & Dustin Albers-Cawley, Cawley Chicago
  • Landlord: Hamilton Partners

The lease will enable Sonica International, a freight forwarding company, to utilize the space to separate its ocean and air freight operations. Dustin Albers, Andrew Maletich, and Matt Garland played key roles in representing the tenant during this transaction.

Players

Andrew Maletich

Cawley Chicago

Broker

7 deals

Broker

Dustin Albers

Lee & Associates

Broker

$6.3M

vol

6 deals

Broker
Hamilton Partners
Hamilton PartnersBrokerage
Hamilton Partners
Hamilton PartnersLandlord

Itasca 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93