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
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