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703 Algonquin Rd, Arlington...

Taiki USA Leases 60792 Square Feet At 703 Algonquin Rd Arlington Heights From Hamilton Partners
LEASEDIndustrial

Taiki USA Leases 60792 Square Feet At 703 Algonquin Rd Arlington Heights From Hamilton Partners

703 Algonquin Rd, Arlington Heights...

Building Size

60,792 SF

Asset Type

Industrial

Closing

Jan 28, 2019

AI

The property involved in this lease transaction is located at 703 Algonquin Rd, Arlington Heights. It features modern precast construction and is situated within the West O’Hare Commerce Center. The total leased area is 60,792 square feet, providing premier visibility and convenient access via I-90 and Algonquin Road.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Tenant: Taiki USA
  • Landlord: Hamilton Partners
  • Tenant's Representative: Michael Sedjo (CBRE)
  • Address: 703 Algonquin Rd, Arlington Heights
  • Square Feet: 60,792
  • Move-in Date: July 2019

Jim Estus and Tom Rodeno represented the landlord, Hamilton Partners, in this lease agreement. The tenant, Taiki USA, relocated from a smaller facility in Elk Grove Village, Illinois, marking their move to this larger space to facilitate business growth.

Players

Thomas Rodeno

Colliers

Broker

$22.6M

vol

14 deals

Broker
Hamilton Partners
Hamilton PartnersBrokerage
Hamilton Partners
Hamilton PartnersLandlord

Market Industrial Market Snapshot

Boundary boundary · Industrial · 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