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6800 Santa Fe Drive

LaGrange Crane Inc Expands Lease At 6800 Santa Fe Drive In Hodgkins To 138994 SF
LEASEDIndustrial

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

Ryan Mullins

Core Industrial Realty

Broker

2 deals

Broker

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