White Rabbit Home Improvement Acquires Industrial Unit In Lake Zurich For $Undisclosed
1166 Flex Ct, Lake Zurich, IL, 60047
Building Size
5,755 SF
Asset Type
Industrial
Closing
Sep 11, 2019
AI
Located at 1166 Flex Court in Lake Zurich, Illinois, the property involved in this transaction is a 5,755-square-foot industrial unit. The sale was finalized on 09/11/2019, with Rick Anesi from Lee & Associates representing the seller, Johnson Bag, and Jared Paff from CBRE representing the buyer, White Rabbit Home Improvement.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1166 Flex Ct, Lake Zurich, IL, 60047
- Market: Lake Zurich
- Seller's Rep: Rick Anesiv(Lee & Associates)
- Buyer: White Rabbit Home Improvement
- SELLER: Johnson Bag
- SF: 5755
Noteworthy individuals in this transaction include Rick Anesi, serving as the vice president of Lee & Associates’ Illinois office and representing the seller, Johnson Bag. On the buyer's side, Jared Paff, a professional from CBRE, acted as the representative for White Rabbit Home Improvement. The deal underscores the strategic roles played by these key individuals in the successful sale of this industrial property.
Players
Lake Zurich Industrial Market Snapshot
Boundary boundary · Industrial · Sale 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