Lakeshore Academy Gymnastics North Leases 44,458 SF Industrial Space In Glenview From DRA Advisors
1870 Elmdale Avenue
Building Size
44,458 SF
Asset Type
Industrial
Closing
May 8, 2025
AI
The property involved in this transaction is an industrial building located at 1870 Elmdale Avenue in Glenview, Illinois. The asset has a total square footage of 44,458. The landlord in this lease agreement is David Luski, representing DRA Advisors.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Lease Term: Long-term
- Market: Glenview
- Landlord: David Luski - DRA Advisors
- Tenant: Lakeshore Academy Gymnastics North
- Landlord's Rep: Brad Simousek, Jeffrey Janda & John Cassidy - Lee & Associates
- Tenant's Rep: Nick Schurer - Vestian
This transaction marks the signing of a long-term lease by Lakeshore Academy Gymnastics North for its third location. The landlord, DRA Advisors, was represented by Lee & Associates, while the tenant was represented by Vestian Global.
Players
Glenview 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