LED Tranquility Inc Leases 44,048 SF Industrial Space At 801 Technology Way In Libertyville
801 Technology Way
Building Size
44,048 SF
Asset Type
Industrial
Closing
Nov 28, 2023
AI
The property at 801 Technology Way in Libertyville, is a fully leased industrial asset. It offers a clear height of 24 feet, eight truck docks, two grade-level doors, and ample parking. The property spans 44,048 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 801 Technology Way, Libertyville
- Market: Libertyville
- Tenant: LED Tranquility Inc - Jason Gobeyn
- Brokers: Daniel Benassi & Samuel J. Deihs - Entre Commercial Realty
LED Tranquility Inc., a full-service audio, video, lighting, and scenic company, has subleased the 44,048 square feet at 801 Technology Way. The subleasing transaction was facilitated by Daniel Benassi and Samuel J. Deihs of Entre Commercial Realty, who represented the sublandlord.
Players
Libertyville 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