Updated Dec 11, 2024
Electrolux Home Products, Inc. Leases 965183 Square Feet From Duke Realty At 801 Mid Point Rd
801 Mid Point Rd, Minooka, IL, 60447
Building Size
965,183 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 801 Mid Point Rd, Minooka, IL, 60447, within the Minooka market. The asset features a substantial area of 965,183 square feet, leased by Electrolux Home Products, Inc. from the landlord, Duke Realty.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 801 Mid Point Rd, Minooka, IL, 60447
- Market: Minooka
- Tenant: Electrolux Home Products, Inc.
- Landlord: Duke Realty
- Tenant's Representative: Eric Beichler
The transaction involves a lease agreement facilitated by Eric Beichler, representing Electrolux Home Products, Inc., as they enter into a leasing arrangement with Duke Realty for the specified property.
Players
Minooka 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