Bulldog Cartage Leases Industrial Space At 1549 Glenlake Ave, Itasca
1549 Glenlake Ave, Itasca, IL, 60143
Building Size
78,161 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The industrial property at 1549 Glenlake Avenue in Itasca, IL, spans 78,161 square feet and sits on 2.96 acres of land. The building features 6,283 square feet of recently renovated office space, four interior docks, one drive-in door, and parking space for 95 vehicles. This space was recently leased by Bulldog Cartage, a specialized logistics company based in Addison, to accommodate their storage, staging, and shipping operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Market: Itasca
- Tenant: Bulldog Cartage
- Tenant's Rep: Mike Antonelli
- Landlord: Undisclosed
- Square Feet: 78,161
Brown Commercial Group Partner Mike Antonelli, SIOR, along with President Dan Brown, represented Bulldog Cartage in securing this full-building lease at 1549 Glenlake Avenue in Itasca. The landlord for this transaction was represented by John D’Orazio and Jonathan Kohn of Colliers. Bulldog Cartage, known for its specialized logistics services, continues to expand its presence in the region with this latest lease agreement, showcasing its commitment to serving a diverse range of businesses with their shipping, storage, and handling needs.
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