LEASEDIndustrial
Atlas Wire Renews Lease At 1601 Glenlake Avenue In Itasca
1601 Glenlake Avenue
Building Size
54,690 SF
Asset Type
Industrial
Closing
Feb 16, 2024
AI
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1601 Glenlake Avenue
- Market: Itasca
- Square Footage: 54,690
- Landlord: Hamid R. Moghadam - Prologis
- Tenant: Bruce Leska - Atlas Wire
- Brokers: Jeffrey Janda & Michael Plumb - Lee & Associates
Players
Itasca Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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