Updated Mar 11, 2025
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
About this deal
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.
On the Map
Industrial
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Players
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