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1225 Lakeside Dr, Romeovill...

Flint Group Leases 31000 Square Feet At 1225 Lakeside Dr In Romeoville With Corey Chase As Tenant's Rep
LEASED

Flint Group Leases 31000 Square Feet At 1225 Lakeside Dr In Romeoville With Corey Chase As Tenant's Rep

1225 Lakeside Dr, Romeoville, IL, 60446

Building Size

31,000 SF

Asset Type

Closing

Nov 19, 2023

AI

1225 Lakeside Dr is an industrial asset located in Romeoville, IL, with a total lease space of 31,000 square feet. This property offers direct access to I-55 and Route 53, making it strategically positioned within the I-55 Corridor industrial submarket, which is known for its low average asking rents and significant industrial inventory.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Unknown
  • Address: 1225 Lakeside Dr, Romeoville, IL, 60446
  • Market: Romeoville
  • Tenant: Flint Group
  • Tenant's Representative: Corey Chase - Newmark Grubb Knight Frank
  • Landlord: Unknown
  • Square Feet: 31,000

Corey B. Chase from Newmark Grubb Knight Frank represented Flint Group in this lease renewal. George Cibula of Darwin Realty/CORFAC International acted on behalf of the ownership. Flint Group, a major supplier to the printing and packaging industry worldwide, aims to leverage this location further with a tenant improvement package to update their space, enhancing their operational capabilities.

Players

Corey Chase

Newmark

Broker

5 deals

Broker

Romeoville CRE Market Snapshot

Boundary boundary · CRE · 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