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:
- Property Type: Warehouse
- Transaction Amount: Not specified
- Address: 1400 W Algonquin Rd, Arlington Heights, IL
- Tenant: TEI Logistics LLC
- Landlord: Clarion Partners
- Tenant's Representative: Christopher Nelson-Lee & Associates
- Landlord's Representative: Matthew Stauber-Colliers International
- Square Feet: 78,700
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
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