Tool Making Industry Leases 1788 Square Feet At 4535 Prime Pkwy McHenry With Kris Merritt
4535 Prime Pkwy, McHenry, IL, 60050
Building Size
1,788 SF
Asset Type
Warehouse
Closing
Nov 19, 2023
AI
The lease involves a property located at 4535 Prime Pkwy, McHenry, IL, 60050, encompassing a total area of 1,788 square feet. The property is situated in the McHenry market and is currently leased to a tenant in the Tool Making Industry.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 4535 Prime Pkwy, McHenry, IL, 60050
- Market: McHenry
- Square Feet: 1,788
- Tenant: Tool Making Industry
- Landlord: Unknown
- Tenant's Representative: Candace Scurto
- Landlord's Representative: Kris Merritt - Platford Realty
Key individuals involved in the transaction include Candace Scurto, who represents the tenant, and Kris Merritt from Platford Realty, representing the landlord in this lease agreement.
Players
McHenry Warehouse Market Snapshot
Boundary boundary · Warehouse · 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