Abid Abedi's ICode Leases Retail Space In Naperville With Chad Littleton & Lee & Associates
632 Amersale Drive
Building Size
2,262 SF
Asset Type
Retail
Closing
Apr 9, 2024
AI
Located at 632 Amersale Drive in Naperville, the property is a 2,262-square-foot retail space. The landlord, Jones Family Naperville LLC, leased the space to iCode, an after-school program specializing in coding activities and STEM education for children, with Abid Abedi as the tenant.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 632 Amersale Drive
- Market: Naperville
- Tenant: Abid Abedi - iCode
Chad Littleton of Morrow Hill represented the tenant, iCode, in the lease transaction, while Michael Petrik and Rick Scardino of Lee & Associates served as the landlord's representatives, facilitating the deal.
Players
Naperville 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