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
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