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Midwest Express Signs 40,320 Square Foot Lease At 1850 Arthur Avenue Elk Grove Village With RREEF America
LEASED
Illinois
See Similar DealsIndustrial40,320 SF
Leased 09/30/2024
LEASED
Midwest Express Signs 40,320 Square Foot Lease At 1850 Arthur Avenue Elk Grove Village With RREEF America
1850 Arthur Avenue
See Similar DealsIndustrial40,320 SF
Leased 09/30/2024
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:40,320 SF
Transaction Type:Lease
The property involved in this transaction is an industrial asset located at 1850 Arthur Avenue in Elk Grove Village. The building has a total square footage of 40,320 and is equipped with 24 exterior docks and 29 trailer spots, enhancing its operational capabilities. The landlord of the property is RREEF America.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1850 Arthur Avenue
- Market: Elk Grove Village
- Square Footage: 40,320
- Landlord: RREEF America
- Brokers: Calvin Gunn & Christopher Nelson - Lee & Associates
This lease transaction represents a relocation for Midwest Express from Mount Prospect, Illinois. Lee & Associates finalized the agreement, facilitating the move and supporting the logistical needs of Midwest Express with the property's ample docking and trailer facilities.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,311,118.07
Total Lease Value
$23,111,180.69
Net Landlord Cash Flow$2,311,118.07
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