Lee & Associates Secures 229K SF Lease Extension For Tru Vue In McCook, IL
Building Size
229,200 SF
Asset Type
Industrial
Closing
Feb 8, 2024
AI
An industrial property located at 9400 West 55th Street in McCook, Illinois, with a total square footage of 229,200, has been leased by Tru Vue. The lease extension was secured by Lee & Associates, with Ryan Earley, Terry Grapenthin, and Tom Condon representing the firm. The property is owned by High Street Logistics Properties, with Andrew Zgutowicz acting as the landlord.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Address: 9400 West 55th Street
- Market: McCook
- Square Footage: 229,200
This lease extension deal was a result of market dynamics, where an extension was not automatic. Fischer and Company represented Tru Vue, while Lee & Associates represented High Street Logistics Properties. The negotiations led to a win-win agreement beneficial for both parties involved.
Players
Market 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