Safeway Transportation Subleases Former Boom Country Tire Building In Elk Grove Village
2450 Lunt Ave Elk Grove Village, IL 60007, USA
$10
$10/SF
Building Size
43,706 SF
Asset Type
Industrial
Closing
May 30, 2023
AI
The industrial property located at 2450 Lunt Avenue in Elk Grove Village has been leased by Safeway Transportation. The building was previously occupied by Boom Country Tire. The lease transaction was facilitated by Candace Scurto of Brown Commercial Group representing Boom Country Tire and Mason Hezner of Brown Commercial Group representing Safeway Transportation.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2450 Lunt Avenue, Elk Grove Village
- Market: Elk Grove Village
- Landlord: Boom Country Tire
- Tenant: Safeway Transportation
- Brokers: Candace Scurto & Mason Hezner - Brown Commercial Group
- Asking Rent: $10/ft.
- Square Footage: 43,706 SF
Safeway Transportation subleased the building, taking over the space previously occupied by Boom Country Tire. The deal was successfully negotiated with the assistance of Candace Scurto, who represented Boom Country Tire, and Mason Hezner, who represented Safeway Transportation.
Players
Elk Grove Village 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
1586300.00%
Cash-on-Cash
-453369.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93