Joseph T. Ryerson & Co. Leases 53982 Square Feet At 1050 Warrenville Rd Lisle From Marc Realty
1050 Warrenville Rd, Lisle, IL, 60532
Building Size
53,982 SF
Asset Type
Commercial
Closing
Jan 19, 2018
AI
The property asset involved in the transaction is located at 1050 Warrenville Rd, Lisle, IL, 60532. It is leased by Joseph T. Ryerson & Co., encompassing a total area of 53,982 square feet. The market for this property is Lisle, and the landlord is Marc Realty. The building was originally constructed in the 1980s.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1050 Warrenville Rd, Lisle, IL, 60532
- Square Feet: 53,982
- Tenant: Joseph T. Ryerson & Co.
- Landlord: Marc Realty
- Tenant's Representative: Jonathan (Jon) Springer, CBRE
In this transaction, Jonathan (Jon) Springer of CBRE represented the tenant, Joseph T. Ryerson & Co. The previous owner, Brandywine Realty Trust, sold the asset to Winthrop Realty Trust and Marc Realty in 2006. The transaction reflects a continuous investment in the suburban office market.
Players
Lisle Commercial Market Snapshot
Boundary boundary · Commercial · 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