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1 Douglas Ave, Elgin, IL, 6...

Ox Creative Leases 9851 SF Space At 1 Douglas Ave, Elgin, IL
LEASEDOther

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:

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

Michael DeSerto

Entre Commercial Realty

Broker

$4.1M

vol

10 deals

Broker

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