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1815 North Kingsbury Street

Turnkey DOT, LLC Leases Industrial Space In Lincoln Park, Chicago
LEASEDIndustrial

Turnkey DOT, LLC Leases Industrial Space In Lincoln Park, Chicago

1815 North Kingsbury Street

$19

$19/SF

Building Size

8,516 SF

Asset Type

Industrial

Closing

Oct 14, 2022

AI

Turnkey DOT, LLC has leased an industrial property located at 1815 N Kingsbury St in Lincoln Park, Chicago. The property, owned by 5381 WK LLC, was represented by James Hodur and Ben Miotti from Coldwell Banker Commercial NRT. The lease transaction was completed on October 14, 2022.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Date: October 14, 2022
  • Address: 1815 N Kingsbury St, Lincoln Park, Chicago
  • Landlord: 5381 WK LLC
  • Tenant: Turnkey DOT, LLC
  • Brokers: James Hodur & Ben Miotti - Coldwell Banker Commercial NRT
  • Asking Rent: $19.76/ft.
  • Square Footage: 8,516

Turnkey DOT, LLC, represented by James Hodur and Ben Miotti from Coldwell Banker Commercial NRT, have successfully leased the industrial property at 1815 N Kingsbury St in Lincoln Park, Chicago. The transaction demonstrates the demand for industrial spaces in the vibrant Lincoln Park market. The lease agreement allows Turnkey DOT, LLC to establish their operations in a strategic location, benefiting from the property's prime position and amenities.

Players

Benjamin Miotti

Coldwell Banker

Broker

$33.9M

vol

27 deals

Broker

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

834894.74%

Cash-on-Cash

-238615.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93