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1870 Elmdale Avenue

Lakeshore Academy Gymnastics North Leases 44,458 SF Industrial Space In Glenview From DRA Advisors
LEASEDIndustrial

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:

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

Jeffrey Janda

Lee & Associates

Broker

$37.7M

vol

28 deals

Broker
David Luski

David Luski

DRA Advisors

Landlord

$3.3B

vol

33 deals

Landlord

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