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1400 W Algonquin Rd, Arling...

TEI Logistics LLC Leases 78700 Square Feet At 1400 W Algonquin Rd Arlington Heights
LEASEDWarehouse

TEI Logistics LLC Leases 78700 Square Feet At 1400 W Algonquin Rd Arlington Heights

1400 W Algonquin Rd, Arlington Heig...

Building Size

78,700 SF

Asset Type

Warehouse

Closing

Nov 19, 2023

AI

The warehouse located at 1400 W Algonquin Rd, Arlington Heights, features a total area of 78,700 square feet. This property includes 12 exterior docks, one drive-in door, and 8,000 square feet of office space. It is a part of a larger 237,350-square-foot building and is situated approximately 22 miles northwest of Chicago.

Summary of transaction details:

TEI Logistics LLC, based in El Paso, Texas, will be relocating to this new facility from a 61,780-square-foot location in Wood Dale, with plans to move in June. The landlords, represented by Matthew Stauber and Tom Rodeno from Colliers International, are Clarion Partners.

Players

Matthew Stauber

Colliers

Broker

$22.6M

vol

12 deals

Broker
Clarion Partners
Clarion PartnersLender
Clarion Partners
Clarion PartnersLandlord

Market 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