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1700 Madeline Lane

Updated Feb 25, 2025

Bilt advertisement
David C. Cook Leases 152014 SF Industrial Space At 1700 Madeline Lane In Elgin
LEASEDIndustrial

David C. Cook Leases 152014 SF Industrial Space At 1700 Madeline Lane In Elgin

1700 Madeline Lane

Building Size

152,014 SF

Asset Type

Industrial

Closing

Feb 24, 2025

About this deal

AI

The asset involved in this transaction is a Class A industrial property located at 1700 Madeline Lane in Elgin, Illinois. The facility encompasses 152,014 square feet and is currently leased to David C. Cook. The landlord for this property is Seefried Industrial Properties, and there remains 168,932 square feet available for lease within the facility.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 1700 Madeline Lane
  • Market: Elgin
  • Square Footage: 152,014
  • Landlord: Greg Herren - Seefried Industrial Properties
  • Tenant: David C. Cook
  • Landlord's Rep: Cushman & Wakefield
  • Tenant's Rep: CBRE

David C. Cook signed a long-term lease agreement with Seefried Industrial Properties to utilize the leased space as its main distribution center. The deal involved CBRE representing the tenant, while Cushman & Wakefield acted as the representative for the landlord.

Players

CBRE
CBREBrokerage

Greg Herren

Seefried Industrial Properties

Landlord

$99.1M

vol

6 deals

Landlord

Elgin 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

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