Granite Construction Leases 12,925 SF Office Space In Des Plaines
1011 E Touhy Ave Des Plaines, IL 60018, USA
$23
$23/SF
Building Size
12,925 SF
Asset Type
Office
Closing
May 16, 2023
About this deal
AI
Granite Construction has signed a lease for a 12,925-square-foot office space at 1011 East Touhy Avenue in Des Plaines. The lease was negotiated by brokers Tony Russo and Ryan Freed from Lee & Associates. The office space is part of the O'Hare Offices complex, owned by Siete 7 LLC, and is located in the Des Plaines market. The space offers customizable options and is situated in Chicago's O'Hare market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Market: Des Plaines
- Address: 1011 East Touhy Avenue
- Landlord: Siete 7 LLC
- Tenant: Granite Construction
- Brokers: Tony Russo & Ryan Freed - Lee & Associates
- Asking Rent: $23/ft.
- Square Footage: 12,925
- Lease Terms: long-term
Granite Construction, a tenant, has leased a 12,925-square-foot office space at 1011 East Touhy Avenue in Des Plaines. This lease deal was facilitated by brokers Tony Russo and Ryan Freed of Lee & Associates. The O'Hare Offices complex, owned by Siete 7 LLC, offers customizable office spaces in Chicago's O'Hare market.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
689695.65%
Cash-on-Cash
-197117.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93