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3600 Sunset Ave, Waukegan, ...

Henry Broch & Co. Leases 202000 Square Feet At 3600 Sunset Ave Waukegan From CenterPoint Properties
LEASEDIndustrial

Henry Broch & Co. Leases 202000 Square Feet At 3600 Sunset Ave Waukegan From CenterPoint Properties

3600 Sunset Ave, Waukegan, IL, 60087

Building Size

202,000 SF

Asset Type

Industrial

Closing

Feb 7, 2017

AI

The property involved in this lease transaction is located at 3600 Sunset Ave, Waukegan, IL, 60087, within the Waukegan market. The leased space totals 202,000 square feet and is under the management of CenterPoint Properties as the landlord.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 3600 Sunset Ave, Waukegan, IL, 60087
  • Market: Waukegan
  • Square Feet: 202,000
  • Tenant: Henry Broch & Co.
  • Landlord: CenterPoint Properties
  • Tenant's Rep: John Sharpe-Lee & Associates

In this transaction, Ryan Kehoe and John Sharpe represented the tenant, Henry Broch & Co., while Sam Badger from NAI Hiffman represented the landlord, CenterPoint Properties.

Players

John Sharpe

Lee & Associates

Broker

7 deals

Broker
CenterPoint Properties
CenterPoint PropertiesLandlord

Waukegan 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