RMS Properties Inc. Leases 26,941 Square Feet To Hyper Kidz In Wheaton Illinois
204 East Geneva Road
Building Size
26,941 SF
Asset Type
Retail
Closing
Oct 23, 2024
About this deal
AI
The property involved in this transaction is a retail asset located at 204-324 East Geneva Road in Wheaton, Illinois. It encompasses a total of 26,941 square feet and is situated within the Main Street Plaza, now with 75% of its space leased.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 204-324 East Geneva Road
- Market: Wheaton
- Landlord: RMS Properties Inc.
- Tenant: Hyper Kidz
- Brokers: Brad Belden & Chris Irwin - Colliers
- Other Broker: Brendan Watt - Great Street Realty
In this transaction, RMS Properties Inc. leased space to Hyper Kidz at the Main Street Plaza. Brad Belden and Chris Irwin from Colliers acted on behalf of RMS Properties, while Brendan Watt from Great Street Realty represented the tenant, Hyper Kidz.
Players
Wheaton Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse Wheaton retail leases on Traded.
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