Updated Oct 29, 2024
Georgia Nut Co. Renews 123,000 SF Industrial Lease In Skokie With Colliers Representatives
7500 Linder Ave, Skokie, IL, 60077
Building Size
123,000 SF
Asset Type
Industrial
Closing
Nov 22, 2023
About this deal
AI
The industrial food processing facility at 7500 Linder Ave in Skokie, IL, spans 123,000 square feet and includes eight docks, 9,000 square feet of office space, a retail store, and a clear height of 23 feet. Georgia Nut Co., a manufacturer of nuts and candy, has renewed its lease at this property.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Landlord's Representative: Ned Frank (Colliers International), Pat Hake (Colliers International)
- Landlord: LINK
- Market: Skokie
Ned Frank and Pat Hake, both from Colliers International, represented the owner, LINK, in the lease renewal between Georgia Nut Co. and the industrial property at 7500 Linder Ave. This lease allows Georgia Nut to receive tenant improvements tailored to its operations.
On the Map
Industrial
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Players
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