Anytime Fitness Leases 6000 Square Feet From Century 21 At 140 W Lake St Addison IL
140 W Lake St, Addison, IL, 60101
Building Size
6,000 SF
Asset Type
Retail
Closing
Mar 1, 2017
About this deal
AI
A new lease transaction has been completed at Green Meadows Shopping Center located at 140 W Lake St, Addison, IL, 60101. Anytime Fitness will occupy a space of 6,000 square feet within the 180,129-square foot retail center. The transaction increases the occupancy percentage of the center to 92 percent.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 140 W Lake St, Addison, IL, 60101
- Market: Addison
- Tenant: Anytime Fitness
- Landlord: Century 21
- Tenant's Representative: Jim Runyon-Franchise Real Estate
- Landlord's Representatives: Daniel Hiffman-NAI Hiffman, Jana Foreman-NAI Hiffman
- Square Feet: 6,000
This transaction involved key individuals including Jim Runyon and Rob Runyon representing Anytime Fitness, while Century 21 was represented by Dan Hiffman and Jana Foreman from NAI Hiffman.
Players
Addison Retail Market Snapshot
Boundary boundary · Retail · 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