LaGrange Crane Inc Expands Lease At 6800 Santa Fe Drive In Hodgkins To 138994 SF
6800 Santa Fe Drive
Building Size
138,994 SF
Asset Type
Industrial
Closing
Aug 6, 2024
AI
The property asset involved in the transaction is an industrial space located at 6800 Santa Fe Drive, Hodgkins, IL. The total square footage of the asset is 138,994, following an expansion from the previous 74,766 square feet occupied by the tenant. The asset is currently situated in the Hodgkins market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 6800 Santa Fe Drive
- Market: Hodgkins
- Tenant: LaGrange Crane Inc
- Broker: Ryan Mullins - Core Industrial Realty
The deal includes a lease renewal and expansion for LaGrange Crane Inc., which opted to increase its space significantly. Core Industrial Realty represented LaGrange Crane Inc. in this transaction, while the landlord's identity remains undisclosed.
Players
Hodgkins 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