Updated Dec 4, 2024
Cory Kay & Michael DeSerto Of Entre Commercial Realty Secures Lease For Logistics Facility In Streamwood
30 Sangra Court
Building Size
22,400 SF
Asset Type
Industrial
Closing
Nov 7, 2024
About this deal
AI
The property asset involved in this transaction is a 22,400-square-foot logistics facility located at 30 Sangra Court in Streamwood, Illinois. It is designed for transportation and fleet maintenance, incorporating features such as 10 docks, drive-in doors, and ample parking space.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 30 Sangra Court
- Market: Streamwood
- Landlord's Representative: Cory Kay & Michael DeSerto - Entre Commercial Realty
- Tenant's Representative: @Properties
Entre Commercial Realty secured the lease for the facility, which will serve as the new headquarters for a local transportation company. The deal includes representation from both Cory Kay and Michael DeSerto, highlighting their involvement in the transaction.
On the Map
Industrial
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Players
Streamwood 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