LEASEDIndustrial
Coldwell Banker Represents Industrial Lease At 1701 N Elston Ave In West Town
1701 North Elston Avenue, Chicago, Illinois 60642, United States
Building Size
16,500 SF
Asset Type
Industrial
Closing
May 24, 2022
AI
The industrial property located at 1701 N Elston Ave in West Town has recently been leased. The lease transaction took place on 05/25/2022.
Summary of transaction details:
- Property Type: Industrial
- Asking Rent: $7.77/ft.
- Square Footage: 16,500
- Address: 1701 N Elston Ave
- Market: West Town
The lease was facilitated by James Hodur and Ben Miotti from Coldwell Banker. They represented the parties involved in the deal, but the specific lease details were not provided.
Players
Chicago 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