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7500 Linder Ave, Skokie, IL...

Georgia Nut Co. Renews 123,000 SF Industrial Lease In Skokie With Colliers Representatives
LEASEDIndustrial

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

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:

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.

Players

Pat Hake

Colliers

Broker

1 deal

Broker

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