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
About this deal
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:
- Property Type: Office Lease
- Transaction Amount: Not disclosed
- Tenant: Melinta Therapeutics
- Landlord: Unknown
- Tenant's Representative: Max Zwolan - JLL, Henry Lee
- Landlord's Representatives: Matthew Alexander - Bradford Allen Realty Services, Dan Fernitz - Bradford Allen Realty Services
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.
On the Map
Office
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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