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4848 W Lawrence Ave Chicago...

Meeting Tomorrow Expands With Lease Of 20,300 SF Warehouse In Chicago
LEASEDIndustrial

Meeting Tomorrow Expands With Lease Of 20,300 SF Warehouse In Chicago

4848 W Lawrence Ave Chicago, Il 60630, Usa

$12

$12/SF

Building Size

20,300 SF

Asset Type

Industrial

Closing

Aug 24, 2023

AI

Meeting Tomorrow, an audiovisual equipment rental company, has expanded by leasing a 20,300 square-foot warehouse at 4848 W. Lawrence Avenue in Chicago. The property is in good condition and its proximity to transportation options played a key role in the company's decision to lease.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not mentioned
  • Address: 4848 West Lawrence Avenue
  • Market: Chicago

The lease transaction was facilitated by Marc Hale and Ali Nix of DarwinPW Realty/CORFAC International, who represented Meeting Tomorrow in the deal. The brokers helped negotiate the terms of the lease, taking into account the company's expansion needs and finding a suitable location that met their requirements. The brokers' expertise in the local market and understanding of the transportation infrastructure in the area were crucial in identifying this property.

Players

Marc Hale

CORFAC International

Broker

4 deals

Broker

Avenue 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

1321916.67%

Cash-on-Cash

-377807.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93