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2700 West Roosevelt Road, C...

DEKS North America, Inc. Leases Industrial Space At 2700 W Roosevelt Rd, North Lawndale, Chicago
LEASEDIndustrial

DEKS North America, Inc. Leases Industrial Space At 2700 W Roosevelt Rd, North Lawndale, Chicago

2700 West Roosevelt Road, Chicago, Illinois 60608, United States

Building Size

23,670 SF

Asset Type

Industrial

Closing

May 31, 2022

AI

An industrial property located at 2700 W Roosevelt Rd in North Lawndale, Chicago has been leased. The property has a total square footage of 23,670. The lease was executed on 06/01/2022.

Summary of transaction details

  • Property Type: Industrial
  • Asking Rent: $6.34/ft.
  • Address: 2700 W Roosevelt Rd
  • Market: North Lawndale, Chicago

The landlord of the property is CF II 2700 Roosevelt LLC and the tenant is DEKS North America, Inc. Joel Friedland from Brit Properties represented the landlord in the deal, while James Hodur and Ben Miotti from Coldwell Banker Commercial represented the tenant.

Players

Benjamin Miotti

Coldwell Banker

Broker

$33.9M

vol

27 deals

Broker

Chicago 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