LEASEDIndustrial
Jeffrey Janda Acquires Renewed Industrial Lease For Closet Works In Elmhurst
951 North Larch Avenue
Building Size
58,227 SF
Asset Type
Industrial
Closing
Feb 16, 2024
AI
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 951-953 Larch Avenue
- Market: Elmhurst
- Asset Type: Industrial
- Square Footage: 58,227
- Landlord: David Luski - DRA Advisors
- Tenant: Closet Works
- Landlord's Rep: Jeffrey Janda - Lee & Associates
- Tenant's Rep: Kevin Segerson - CBRE
Players
Elmhurst 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