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825 Tollgate Rd, Elgin, IL,...

Colony Capital Leases 83122 Square Feet To Hydrox Laboratories At 825 Tollgate Rd Elgin
LEASEDIndustrial

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

Steve Bass

NAI Global

Broker

$24.8M

vol

3 deals

Broker
CC
Colony CapitalLandlord

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