Updated Oct 17, 2025
MWI Property Group Leases 92301 Square Feet To Weee! In McCook With Lee & Associates
8701 53rd Street
Building Size
92,301 SF
Asset Type
Industrial
Closing
Oct 2, 2025
About this deal
AI
The property involved in this transaction is located at 8701 West 53rd Street in McCook, Illinois. It is an industrial asset with a total square footage of 92,301. The building was developed with PCCP and has a remaining 152,701 square feet available for lease following this transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 8701 West 53rd Street
- Market: McCook
- Landlord: MWI Property Group
- Tenant: Larry Liu - Weee!
- Landlord's Representative: Brian Vanosky, Michael O’Leary & Dylan Maher - Lee & Associates
- Tenant's Representative: Jason Lev - CBRE
This lease was arranged by Lee & Associates, with Jason Lev from CBRE representing the tenant, Weee!, an online Asian supermarket. The transaction reflects the strategic leasing efforts in the industrial sector, contributing to the utilization of the property’s extensive space.
On the Map
Industrial
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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