Rick Anesi Of Lee & Associates Leases Industrial Space To Patients Choice In Rolling Meadows
3601 Edison Pl, Rolling Meadows, IL, 6...
Building Size
10,186 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The industrial property at 3601 Edison Place in Rolling Meadows, Illinois, with a total square footage of 10,186 square feet, was leased in a transaction. The landlord, Otto Holdings, was represented by Rick Anesi of Lee & Associates. The tenant, Patients Choice, was represented by Thomas (Tom) Callahan of Chicagoland Commercial Real Estate.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 3601 Edison Place, Rolling Meadows, IL
- Market: Rolling Meadows
- Tenant's Rep: Thomas (Tom) Callahan (Chicagoland Commercial Real Estate)
- Landlord's Rep: Rick Anesiv (Lee & Associates)
- Tenant: Patients Choice
- Landlord: Otto Holdings
- Square Feet: 10,186
The other industrial lease transaction mentioned in the context took place at 55 Garden Avenue in Roselle, Illinois. Brad Simousek, along with Rick Anesi of Lee & Associates, represented the owner in the lease of 4,100 square feet in this multi-tenant building. The tenant for this property was Fazio Plumbing.
Players
Rolling Meadows 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