Updated Oct 29, 2024
Heitman Capital Management Leases 353322 Square Feet In McCook To Tenant Represented By Geoffrey Kasselman
8601 47th St, McCook, IL, 60525
Building Size
353,322 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
The property involved is a 353,322 square feet industrial space located at 8601 47th St, McCook, IL, in the Mc Cook market. This building, which was built in 2015, features a clear height of 32 feet. Assemblers Inc. has renewed its lease for the fully leased building where it has been occupying the space since 2016.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Address: 8601 47th St, McCook, IL, 60525
- Market: Mc Cook
- Tenant: Assemblers Inc.
- Landlord: Heitman Capital Management
- Tenant's Representative: Geoffrey Kasselman - Newmark Grubb Knight Frank
- Square Feet: 353,322
The lease transaction was negotiated by Geoffrey Kasselman of Newmark Grubb Knight Frank on behalf of Assemblers Inc. The agreement included tenant improvements, notably the enhancement of power supply to accommodate additional cooler and freezer areas.
Players
Mc Cook 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