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
Chicago Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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