The Junkluggers Of Chicago NW Suburbs Lease Industrial Space At 425 Airport Road
425 Airport Road
Building Size
12,250 SF
Asset Type
Industrial
Closing
Apr 12, 2024
AI
The industrial property at 425 Airport Road in Elgin encompasses 12,250 square feet and was leased to The Junkluggers of Chicago NW Suburbs. The tenant will utilize the space, which features a showroom, for its resale business, ReMix Market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 425 Airport Road
- Market: Elgin
- Tenant: The Junkluggers of Chicago NW Suburbs
- Landlord's Rep: Don Meyer - Showplace Realty
- Tenant's Rep: Christopher Mergenthaler - DarwinPW Realty/CORFAC International
Christopher Mergenthaler of DarwinPW Realty/CORFAC International represented The Junkluggers of Chicago NW Suburbs in the lease agreement, while Don Meyer of Showplace Realty acted as the landlord's representative in the transaction.
Players
Elgin 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