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4150 N Knox Ave, Chicago, I...

Daikin's Goodman Manufacturing Leases Industrial Space On N Knox Ave, Chicago
LEASEDIndustrial

Daikin's Goodman Manufacturing Leases Industrial Space On N Knox Ave, Chicago

4150 N Knox Ave, Chicago, IL, 60641

Building Size

21,000 SF

Asset Type

Industrial

Closing

Nov 22, 2023

AI

The industrial property located at 4150 N. Knox Ave in Chicago, IL, 60641, has been leased by Goodman Manufacturing, a member of Daikin Industries Ltd. The 21,000-square-foot space will be used by the residential and commercial HVAC company as a showroom, training center, and distribution hub. The property, owned by Dayton Street Partners, features a clear height of 30 feet, six docks, four drive-in doors, and T8 lighting.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Market: Chicago
  • Landlord: Dayton Street Partners
  • Landlord's Rep: Steven Kohn (Avison Young)
  • Square Feet: 21,000

Mike Senner and Steve Kohn of Colliers International in Chicago represented Dayton Street Partners in the lease transaction, facilitating the agreement for Goodman Manufacturing's utilization of the industrial space.

Players

Steven Kohn

Avison Young

Broker

$900M

vol

6 deals

Broker
DP
Dayton Street PartnersLandlord

Chicago 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