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Cory Kay & Michael DeSerto Finalize 10280 Square Foot Industrial Lease In South Elgin
LEASED
Illinois
See Similar DealsIndustrial10,280 SF
Leased 10/22/2024
LEASED
Cory Kay & Michael DeSerto Finalize 10280 Square Foot Industrial Lease In South Elgin
345 Production Drive
See Similar DealsIndustrial10,280 SF
Leased 10/22/2024
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:10,280 SF
Transaction Type:Lease
The property asset involved in the transaction is a freestanding industrial facility located at 345 Production Drive in South Elgin, Illinois. It encompasses a total area of 10,280 square feet and is now designated for use as a secondary location focused on overflow warehousing and distribution.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 10,280
- Address: 345 Production Drive
- Market: South Elgin
- Lease Date: 10/22/2024
Cory Kay and Michael DeSerto from Entre Commercial Realty represented the client in finalizing the lease agreement. The property was on the market for less than 20 days before the successful leasing concluded.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$589,243.40
Total Lease Value
$5,892,433.97
Net Landlord Cash Flow$589,243.40
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