facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Industrial

/

Lease

/

9400 West 55th Street

Lee & Associates Secures 229K SF Lease Extension For Tru Vue In McCook, IL
LEASEDIndustrial

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

Ryan Earley

Lee & Associates

Broker

$17.6M

vol

7 deals

Broker

Market 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