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28160 North Keith Drive

Bob Johnson Of The Popcorn Factory Renews 149000 SF Industrial Leases In Lake Forest IL
LEASEDIndustrial

Bob Johnson Of The Popcorn Factory Renews 149000 SF Industrial Leases In Lake Forest IL

28160 North Keith Drive & 13970 West Laurel Drive

Building Size

298,000 SF

Asset Type

Industrial

Closing

Mar 6, 2025

AI

The asset involved in this lease transaction is an industrial property located at 28160 North Keith Drive and 13970 West Laurel Drive in Lake Forest, Illinois. The total square footage of the property is 149,000 square feet. The leases have been renewed by The Popcorn Factory, which highlights a commitment from ownership to undertake a seven-figure modernization project.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 28160 North Keith Drive & 13970 West Laurel Drive
  • Market: Lake Forest
  • Tenant: Bob Johnson - The Popcorn Factory
  • Broker: Corey Chase - Newmark

Corey Chase from Newmark represented The Popcorn Factory in this lease transaction. The ownership's decision to invest in modernization aligns with the tenant's operational needs and future growth potential within the industrial sector.

Players

Corey Chase

Newmark

Broker

5 deals

Broker
Bob Johnson

Bob Johnson

Tenant

$14.5M

vol

2 deals

Tenant

Lake Forest 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