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1166 Flex Ct, Lake Zurich, ...

White Rabbit Home Improvement Acquires Industrial Unit In Lake Zurich For $Undisclosed
SOLDIndustrial

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

Rick Anesiv

Lee & Associates

Broker

$1.3M

vol

9 deals

Broker

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