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16901 South Cicero Avenue

Chicagoland Quad Cities Express Leases 140K SF Industrial Space In Country Club Hills
LEASEDIndustrial

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

George Cibula

CORFAC International

Broker

$5.5M

vol

9 deals

Broker

Country Club Hills 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