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2225 Curtiss St, Downers Gr...

Restaurant Delivery Simplified Leases 6000 Square Feet At 2225 Curtiss St Downers Grove
LEASEDIndustrial

Restaurant Delivery Simplified Leases 6000 Square Feet At 2225 Curtiss St Downers Grove

2225 Curtiss St, Downers Grove, IL, 6...

Building Size

6,000 SF

Asset Type

Industrial

Closing

Jun 3, 2019

AI

The property involved in this transaction is a 6,000 square foot space located at 2225 Curtiss Street in Downers Grove, IL. The market for this area is Downers Grove, where it serves as a site for business operations.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 2225 Curtiss St, Downers Grove, IL
  • Market: Downers Grove
  • Tenant: Restaurant Delivery Simplified
  • Landlord: Unknown
  • Tenant's Representative: Matt Hanson
  • Square Feet: 6000

In this leasing deal, Matt Hanson from Brown Commercial represented the tenant, Restaurant Delivery Simplified, which operates as a wholesaler of dry food goods. The landlord's representative in the transaction was Antonelli, who represented the building owner.

Players

Matthew Hanson

Brown Commercial Group

Broker

$3.1M

vol

11 deals

Broker

Downers Grove 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