The facility, which is 100% leased by Eaton Corp., was built in1984 and underwent extensive renovation in 1991. The propertyconsists of 27,500 sf of office space and 26,500 sf of engineerdesign area with 22-foot clear heights. Features include onedrive-in door, one dock, parking for 161 cars, air conditioningthroughout with roof mounted HVAC units and is fullysprinklered.

Another loan, totaling $1 million, was placed on a 53,100 sfindustrial facility at 9362 W. Grand Ave., Franklin Park, justnorthwest of Chicago. The 10-year, fixed-rate mortgage was placedwith Sun Life of Canada, another exclusive correspondent ofB&W.

The building is 100% occupied by E. Kinast Distributors.Thefacility includes 18-foot ceiling height in the warehouse space,one enclosed/recessed dock with a high loading bay and two overheaddoors, three grade level overhead doors, one dock with a highrecessed door and parking for 28 cars.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.