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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2050 South Mount Prospect Road Unit B & C
- Market: Des Plaines
- Square Footage: 52,922
- Landlord: MapleTree Investments
- Tenant: TA Cabinets
- Landlord's Representative: Calvin Gunn & Christopher Nelson - Lee & Associates
- Tenant's Representative: Marat Safir - TMG Real Estate Advisors
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
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