Nichols Display Group Leases 56000 Square Feet At 515 Huehl Rd Northbrook From Filtration Group Corp
515 Huehl Rd, Northbrook, IL, 60062
Building Size
56,000 SF
Asset Type
Industrial
Closing
Mar 7, 2017
AI
A lease transaction occurred for a property located at 515 Huehl Rd, Northbrook, IL, 60062, within the Northbrook market. The property comprises a total of 56,000 square feet and was leased by Nichols Display Group from the landlord, Filtration Group Corp.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 515 Huehl Rd, Northbrook, IL, 60062
- Market: Northbrook
- Landlord: Filtration Group Corp.
- Tenant: Nichols Display Group
- Landlord's Representatives: Lou Hall-Cushman & Wakefield, Daniel Wilkins-Cushman & Wakefield
Lou Hall and Daniel Wilkins also served as sublandlord representatives for Filtration Group Corp. during this transaction. The tenant, Nichols Display Group, was represented by Tom Condon from Lee and Associates, highlighting the collaboration between various brokerage firms in finalizing the lease agreement.
Players
Northbrook 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