Updated Aug 29, 2025
Hearn Industrial Services Leases 197587 SF Industrial Space At 1200 West 145th Street
1200 West 145th Street
Building Size
197,587 SF
Asset Type
Industrial
Closing
Aug 28, 2025
About this deal
AI
The asset involved in this lease transaction is an industrial property located at 1200 West 145th Street, East Chicago, IN, comprising a total square footage of 197,587. The facility is owned by The Missner Group and is fully leased following the recent transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Tenant: Hearn Industrial Services
- Landlord: The Missner Group
- Market: East Chicago, IN
This transaction involved Hearn Industrial Services, which will utilize the leased space to support operations related to Ford’s South Side Chicago plant. The 3PL's leasing of this space contributes to the overall operational capacity of the facility.
On the Map
Industrial
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Players
East Chicago Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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