Jerry’s Fruit & Garden Center Signs Lease Renewal With Landlord Clear Height Properties In Morton Grove
8250 Austin Avenue
Building Size
27,149 SF
Asset Type
Industrial
Closing
Oct 20, 2025
AI
The lease involves an industrial asset located at 8250 Austin Avenue in Morton Grove, Illinois, with a total square footage of 27,149. The property is situated in the Morton Grove market, which is recognized for its industrial resources and proximity to urban centers.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 8250 Austin Avenue
- Market: Morton Grove
- Square Footage: 27,149
- Landlord: Dominic Sergi - Clear Height Properties
- Tenant: Jerry’s Fruit & Garden Center
- Broker: Brad Simousek - Lee & Associates
Brad Simousek served as the representative for Jerry’s Fruit & Garden Center, demonstrating the expertise of Lee & Associates in arranging lease renewals. The landlord, Clear Height Properties, conducted the leasing process without external representation, directly engaging with the tenant during the transaction.
Players
Morton Grove 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