Ox Creative Leases 9851 SF Space At 1 Douglas Ave, Elgin, IL
1 Douglas Ave, Elgin, IL, 60120
Building Size
9,851 SF
Asset Type
Other
Closing
Jun 3, 2019
AI
The property involved in the transaction is located at 1 Douglas Ave, Elgin, IL, 60120, within the Elgin market. This asset is classified as 'Other' and encompasses a total area of 9,851 square feet.
Summary of transaction details:
- Property Type: Other
- Transaction Amount: Not disclosed
- Address: 1 Douglas Ave, Elgin, IL, 60120
- Market: Elgin
- Square Feet: 9,851
- Tenant: Ox Creative
- Landlord: Kresmary Properties
- Tenant's Representative: Trinity Scurto-Brown Commercial Group
- Landlord's Representative: Michael "Mike" DeSerto-Entre Commercial Realty
- Broker: Michael "Mike" DeSerto-Entre Commercial Realty
Key individuals involved in the lease include the tenant, Ox Creative, which is represented by Trinity Scurto-Brown Commercial Group. The landlord, Kresmary Properties, is represented by Michael "Mike" DeSerto from Entre Commercial Realty, who also served as the broker for the transaction.
Players
Elgin Other Market Snapshot
Boundary boundary · Other · 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