Bullfrog International Leases 10,840 SF Retail Space At Gurnee Town Center In Illinois
7105 W Grand Ave Gurnee, IL 60031, USA
$25
$25/SF
Building Size
10,840 SF
Asset Type
Retail
Closing
Jul 27, 2023
AI
Bullfrog International has leased 10,840 square feet at Gurnee Town Center in Illinois. The retail space is located at 7105 West Grand Avenue in the market of Gurnee. The landlord for this property is Kite Realty. The asset is categorized as a retail property and the asking rent is $25 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 7105 West Grand Avenue, Gurnee
- Market: Gurnee
- Asking Rent: $25/ft.
- Square Footage: 10,840
- Landlord: Kite Realty
- Tenant: Bullfrog International
The deal was facilitated by the following representatives: Branden Reedy and Jimmy Danaher from CBRE represented the landlord, while Rick Scardino, Michael Petrik, and Sean Bishop from Lee & Associates represented the tenant, Bullfrog International.
This lease represents an expansion of Bullfrog International's retail presence in the Midwest. The company, which specializes in high-end hot tub design and manufacturing, has chosen Gurnee Town Center as a strategic location for their growing business.
Players
Chicago 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
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93