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4901 Searle Pkwy, Skokie, I...

American Landmark Properties Leases 34056 Square Feet At 4901 Searle Pkwy Skokie IL
LEASEDIndustrial

American Landmark Properties Leases 34056 Square Feet At 4901 Searle Pkwy Skokie IL

4901 Searle Pkwy, Skokie, IL, 60077

Building Size

34,056 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 4901 Searle Pkwy, Skokie, IL, 60077. It consists of 34,056 square feet and is situated in the Skokie market. The landlord of the property is American Landmark Properties.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 4901 Searle Pkwy, Skokie, IL, 60077
  • Square Feet: 34,056
  • Market: Skokie
  • Landlord's Representative: David Saad - CBRE

David Saad of CBRE represents the landlord, American Landmark Properties, in this lease transaction, facilitating the agreement between the parties involved.

Players

David Saad

CBRE

Broker

2 deals

Broker
American Landmark Apartments
American Landmark ApartmentsLandlord

Skokie 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