740 N Edgewood Ave
740 N Edgewood Ave, Wood Dale, IL...
Building Size
9,858 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this transaction is located at 740 N Edgewood Ave, Wood Dale, IL. The property comprises 9,858 square feet and is situated in the Wood Dale market.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Extra Electric Energy Solutions LLC
- Landlord: Murray-Shah Properties LLC
- Tenant's Representative: Brian Lindgren - Inc.
- Landlord's Representative: Jeffrey Janda - Lee & Associates
This transaction highlights the role of key representatives, with Brian Lindgren representing the tenant, Extra Electric Energy Solutions LLC, while Jeffrey Janda represents the landlord, Murray-Shah Properties LLC. Their involvement facilitated the leasing agreement for the specified property.
Players
Wood Dale 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