Sunset Healthcare Solutions Leases Retail Space In Elgin With Brokers Lee & NAI
2725 Alft Lane
Building Size
54,153 SF
Asset Type
Retail
Closing
Apr 1, 2024
About this deal
AI
Located at 2725 Alft Lane in Elgin, IL, the retail property spans 54,153 square feet. This site served as the new home for Sunset Healthcare Solutions following their move from Bloomingdale, enabling them to expand their manufacturing operations.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Tenant: Chris Slosar - Sunset Healthcare Solutions
- Landlord's Rep: John Cassidy & Kenneth Franzese - Lee & Associates
- Tenant's Rep: David Haigh - NAI Hiffman
David Haigh of NAI Hiffman played a crucial role in assisting Sunset Healthcare Solutions with their relocation to 2725 Alft Lane in Elgin. The lease transaction, brokered by Kenneth Franzese and John Cassidy of Lee & Associates, fully occupied the 54,153-square-foot building, showcasing strategic real estate decisions by all parties involved.
On the Map
Retail
View full map
Players
Elgin Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse Elgin 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