Updated Mar 6, 2025
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
149,000 SF
Asset Type
Industrial
Closing
Mar 6, 2025
About this deal
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.
On the Map
Industrial
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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