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8250 Austin Avenue

Jerry’s Fruit & Garden Center Signs Lease Renewal With Landlord Clear Height Properties In Morton Grove
LEASEDIndustrial

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

Brad Simousek

Lee & Associates

Broker

7 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage

Dominic Sergi

Clear Height Properties

Landlord

$76.2M

vol

7 deals

Landlord
Clear Height Properties
Clear Height PropertiesLandlord

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