David Burden Of Colliers International Represents Tenant In Lease At 2349 W Lake St Addison
2349 W Lake St, Addison, IL, 60101
Building Size
62,000 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
This lease transaction involves a property located at 2349 W Lake St, Addison, IL, 60101. The asset encompasses a total area of 62,000 square feet and is positioned in the Addison market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 2349 W Lake St, Addison, IL, 60101
- Market: Addison
- Square Feet: 62000
- Landlord: ACG Management
- Tenant's Representative: David Burden - Colliers International
David Burden of Colliers International represents the tenant in this leasing agreement, while ACG Management serves as the landlord for the property involved in this transaction.
Players
Addison 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