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
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