Chicagoland Quad Cities Express Leases 140K SF Industrial Space In Country Club Hills
16901 South Cicero Avenue
Building Size
140,000 SF
Asset Type
Industrial
Closing
Jan 26, 2024
AI
An industrial space spanning 140,000 square feet located at 16901 South Cicero Avenue in the Country Club Hills market has been leased. The tenant, Chicagoland Quad Cities Express Inc., a local warehousing and trucking company, has secured this fully leased development at LogiPark 57-80. The property is owned by Logistics Property Co. and offers convenient access to I-57 and I-80, allowing for the consolidation of Chicagoland Quad Cities Express's operations into one central location.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 16901 South Cicero Avenue
- Market: Country Club Hills
- Size: 140,000 square feet
The landlord of this leased space is Aaron Martell & Ben Fish of Logistics Property Co. (LPC). Representing the landlord is Irv Gilner from Transwestern. On the other hand, the tenant Terri Ann Wintermute is represented by George Cibula & Luke Ferzacca from DarwinPW Realty/CORFAC International.
Players
Country Club Hills 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