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
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