Updated Feb 25, 2025
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
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