Colony Capital Leases 83122 Square Feet To Hydrox Laboratories At 825 Tollgate Rd Elgin
825 Tollgate Rd, Elgin, IL, 60123
Building Size
83,122 SF
Asset Type
Industrial
Closing
Feb 25, 2019
AI
An 83,122-square-foot industrial building is located at 825 Tollgate Road in Elgin, Illinois. The property is situated in the Elgin market and is owned by Colony Capital.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 825 Tollgate Rd, Elgin, IL, 60123
- Landlord: Colony Capital
- Tenant: Hydrox Laboratories
- Landlord's Representative: Daniel T. Jones (Entre Commercial Realty)
- Tenant’s Representatives: Nick Eboli (Lee & Associates), Steve Bass (NAI Hiffman)
The lease renewal for Hydrox Laboratories, a long-standing manufacturing company producing health and wellness products, was facilitated through a collaborative effort between the involved parties, ensuring that Hydrox can continue to operate and grow in their existing facility.
Players
Elgin 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