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100 Tri State International...

Melinta Therapeutics Leases 8876 Square Feet At 100 Tri State International Lincolnshire
LEASEDOffice

Melinta Therapeutics Leases 8876 Square Feet At 100 Tri State International Lincolnshire

100 Tri State International, Lincolnshir...

Building Size

8,876 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The transaction involves a lease agreement for office space located at 100 Tri State International, Lincolnshire, totaling 8,876 square feet. Melinta Therapeutics occupies the premises on the second floor, having renewed a four-year lease. The market for this property is situated in Lincolnshire, Illinois.

Summary of transaction details:

This transaction was facilitated by representatives from JLL and Bradford Allen Realty Services. Dan Fernitz, Matt Alexander, and Milan Gacanovic handled representation for the ownership, while Henry Lee and Max Zwolan represented the tenant during the lease renewal negotiation.

Players

Max Zwolan

JLL

Broker

2 deals

Broker

Lincolnshire Office Market Snapshot

Boundary boundary · Office · 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