Updated Sep 9, 2024
Industrial Lease Maria McNeil Represents Tenant In Addison Industrial Deal
1444 Bernard Dr, Addison, IL, 60101
Building Size
7,384 SF
Asset Type
Industrial
Closing
Mar 11, 2019
About this deal
AI
The industrial property at 1444 Bernard Dr, Addison, IL, 60101, is a 7,384-square-foot space located in Addison. The tenant, Vator Accessories, chose this location for its elevator accessory business due to the central DuPage County position and convenient access to transportation routes.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Tenant's Representative: Maria McNeil (Brown Commercial Group)
- Landlord: Unknown
Brown Commercial Group's sales associate, Maria McNeil, assisted Vator Accessories in securing the lease for the industrial space. In a separate transaction, sales associate Brian Lindgren represented Partners in Performance and Luxury Real Estate LLC in lease agreements at 550 Industrial Drive and 600 Industrial Drive, Suite 202, respectively. Lindgren also facilitated Foxes AV Ltd.'s lease at 1713 E. Wilson Street in Batavia. Notably, McNeil was instrumental in representing the buyer, Ankit Panchal, in the purchase of a property at 47 Sangra Court in Streamwood.
On the Map
Industrial
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Players
Addison 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