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515 Huehl Rd, Northbrook, I...

Nichols Display Group Leases 56000 Square Feet At 515 Huehl Rd Northbrook From Filtration Group Corp
LEASEDIndustrial

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

Lou Hall

Cushman & Wakefield

Broker

3 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage

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