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1380 Gateway Dr, Elgin, IL,...

Deshazo Crane Leases Office Space In Elgin With Tenant's Rep Maria McNeil
LEASEDOffice

Deshazo Crane Leases Office Space In Elgin With Tenant's Rep Maria McNeil

1380 Gateway Dr, Elgin, IL, 60124

Building Size

5,760 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

Located at 1380 Gateway Dr, Elgin, IL, 60124, this office space spans a total of 5760 square feet. The tenant, Deshazo Crane, secured this space with the representation of Maria McNeil from Brown Commercial Group. On the landlord's side, the lease was facilitated by Matt Garland from Cawley Chicago.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Tenant's Rep: Maria McNeil (Brown Commercial Group)
  • Landlord's Rep: Matt Garland (Cawley Chicago)
  • Tenant: Deshazo Crane
  • Square Feet: 5760

Maria McNeil of Brown Commercial Group played a key role in representing five businesses in their expansion endeavors. Brian Lindgren, also from Brown Commercial Group, assisted AJD Concrete Construction in acquiring a 7,891-square-foot building in South Elgin, Illinois. In another transaction, Brown Commercial Group's Maria McNeil facilitated an off-market deal for the sale of a property by a private investor. Furthermore, Mason Hezner, a senior broker at Brown Commercial Group, assisted Maxicrop USA, Inc in leasing 7,200 square feet in Elk Grove Village. Lastly, Candace Scurto, also from Brown Commercial Group, represented Fountain Pros, LLC in a 3,700-square-foot lease on Lively Boulevard in Elk Grove Village.

Players

Matt Garland

Cawley Chicago

Broker

9 deals

Broker

Elgin 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