MedTec Healthcare & Private Duty LLC Signs Lease For Office Space In Wheeling
1400 South Wolf Road, Wheeling, Illinois 60090, United States
Building Size
12,994 SF
Asset Type
Office
Closing
Feb 16, 2022
About this deal
AI
MedTec Healthcare & Private Duty LLC has recently leased an office space located at 1400 S. Wolf Road, Wheeling. The property, spanning over 12,994 square feet, is owned by WiFi Wheeling Dealing LLC. The lease transaction was facilitated by Juliette Lane of Cresa. The asking rent for the office space was $16 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Date: 02/17/2022
- Address: 1400 S. Wolf Road, Wheeling
- Market: Wheeling
- Landlord: WiFi Wheeling Dealing LLC
- Tenant: MedTec Healthcare & Private Duty LLC
- Broker: Juliette Lane - Cresa
- Asking Rent: $16/ft.
- Square Footage: 12,994
This lease transaction represents a new venture for MedTec Healthcare & Private Duty LLC in Wheeling. Their decision to lease this office space demonstrates their commitment to expanding their operations and providing healthcare services in the area. Additionally, Juliette Lane of Cresa played a pivotal role in facilitating this successful lease agreement.
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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