Jeffrey Janda Represents The RDI Group In Lease Of 43845 Square Foot Industrial Building In Itasca
940 West Thorndale Avenue
Building Size
43,845 SF
Asset Type
Industrial
Closing
Nov 7, 2024
AI
The property involved in this transaction is an industrial building located at 940-942 Thorndale Avenue in Itasca, IL, with a total size of 43,845 square feet. The market for this asset is Itasca, and it is owned by Link Logistics.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Specified
- Address: 940-942 Thorndale Avenue
- Market: Itasca
- Landlord: Link Logistics
- Tenant: The RDI Group
- Brokers: Jeffrey Janda & Michael Plumb - Lee & Associates
Jeffrey Janda represented The RDI Group in this lease transaction, while Michael Plumb acted on behalf of the landlord, Link Logistics, facilitating the deal.
Players
Itasca Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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