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1050 Warrenville Rd, Lisle,...

Joseph T. Ryerson & Co. Leases 53982 Square Feet At 1050 Warrenville Rd Lisle From Marc Realty
LEASEDCommercial

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

Jonathan Springer

CBRE

Broker

10 deals

Broker
MR
Marc RealtyLandlord

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