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4400 W 45th St, Chicago, IL...

Focal Point LLC Leases 60000 Square Feet At 4400 W 45th St Chicago With Landlord Talos Capital
LEASEDIndustrial

Focal Point LLC Leases 60000 Square Feet At 4400 W 45th St Chicago With Landlord Talos Capital

4400 W 45th St, Chicago, IL, 60632

Building Size

60,000 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

Focal Point LLC has leased an industrial building situated at 4400 W. 45th St. in Chicago, encompassing a total of 60,000 square feet. The property is located in the Chicago market and serves the manufacturing sector, specifically for architectural lighting products.

Summary of transaction details:

  • Property Type: Industrial Lease
  • Transaction Amount: Not disclosed
  • Address: 4400 W 45th St, Chicago, IL, 60632
  • Market: Chicago
  • Tenant: Focal Point LLC
  • Landlord: Talos Capital
  • Tenant's Representatives: Chris Wilbur - Entre Commercial Realty, Jeffrey Locascio - Entre Commercial Realty LLC
  • Landlord's Representative: Colin Green - Cushman & Wakefield

This lease transaction showcases the involvement of key players in the real estate market, notably Chris Wilbur and Jeffrey Locascio representing Focal Point LLC to secure the property, while Colin Green represented the landlord, Talos Capital, in facilitating the lease arrangement.

Players

Colin Green

CBRE

Broker

$5.7M

vol

3 deals

Broker
TC
Talos CapitalLandlord

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