Woodland Group Renews 38,475 SF Lease At 325 W. Lake Street In Elmhurst, IL With Landlord Tom Maher
325 West Lake Street Elmhurst, IL 60126, USA
Building Size
38,475 SF
Asset Type
Industrial
Closing
Sep 11, 2023
AI
A 38,475-square-foot industrial property located at 325 West Lake Street Suite B in Elmhurst, IL has been leased. The property is represented by Tom Maher of Hamilton Partners.
Summary of transation details
- Property Type: Industrial
- Square Footage: 38,475
- Address: 325 West Lake Street Suite B
- Market: Elmhurst
Woodland Group, with Kevin Stevens as its representative, has renewed their lease for the industrial property. Woodland Group was represented by Kenneth Franzese and John Cassidy from Lee & Associates. They worked with the landlord's representative, Tom Maher of Hamilton Partners, to finalize the renewal at 325 West Lake Street in Elmhurst, IL.
Note: Kenneth Franzese and John Cassidy of Lee & Associates of Illinois represented Woodland Group in a 38,475-square-foot lease renewal at 325 W. Lake Street in Elmhurst, IL, with the landlord represented by Tom Maher of Hamilton Partners.Players
Northlake 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