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801 Technology Way

AAT Sales Inc Leases 24,777 SF Industrial Space At 801 Technology Way, Libertyville
LEASEDIndustrial

AAT Sales Inc Leases 24,777 SF Industrial Space At 801 Technology Way, Libertyville

801 Technology Way

Building Size

24,777 SF

Asset Type

Industrial

Closing

Nov 28, 2023

AI

The property at 801 Technology Way in Libertyville has been fully leased. This industrial property spans a total of 24,777 square feet and offers amenities such as a 24-foot clear height, eight truck docks, and ample parking.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 801 Technology Way, Libertyville
  • Market: Libertyville

AAT Sales Inc., a food service equipment provider, has recently subleased the entire 24,777 square feet of space at this property. This relocation and expansion from Northbrook reflects the company's growth and increasing demand for their products. The tenant was represented by Rob Elbrecht from Tri-State Realty, while Daniel Benassi and Samuel J. Deihs from Entre Commercial Realty acted as the landlord's representatives.

Players

Daniel Benassi

Entre Commercial Realty

Broker

6 deals

Broker

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