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2050 South Mount Prospect Road

MapleTree Investments Leases 52,922 Square Feet To TA Cabinets In Des Plaines, Illinois
LEASEDIndustrial

MapleTree Investments Leases 52,922 Square Feet To TA Cabinets In Des Plaines, Illinois

2050 South Mount Prospect Road

Building Size

52,922 SF

Asset Type

Industrial

Closing

Jul 25, 2024

AI

The asset involved in this transaction is an industrial property located at 2050 South Mount Prospect Road Unit B & C in Des Plaines, IL. The property encompasses 52,922 square feet and is positioned in the industrial market segment. The landlord for this lease is MapleTree Investments.

Summary of transaction details:

The transaction involved TA Cabinets as the tenant, with representation from Marat Safir of TMG Real Estate Advisors. The leasing activity was handled by Calvin Gunn and Christopher Nelson from Lee & Associates, who represented the landlord, MapleTree Investments. This lease transaction reflects the collaborative efforts of the involved agencies and individuals to facilitate the agreement.

Players

Calvin Gunn

Lee & Associates

Broker

4 deals

Broker

Des Plaines 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