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25975 Cleveland Ave, Monee,...

Matthew Stauber Of Colliers International Brokers Lease Of 239700 SF Commercial Space In Monee
LEASEDCommercial

Matthew Stauber Of Colliers International Brokers Lease Of 239700 SF Commercial Space In Monee

25975 Cleveland Ave, Monee, IL, 60449

Building Size

239,700 SF

Asset Type

Commercial

Closing

Nov 20, 2023

AI

The commercial property located at 25975 Cleveland Ave, Monee, IL, spans 239,700 square feet. It is positioned in the Monee market and features a warehouse/distribution facility with a 30-foot clear ceiling height, 25 docks, and four drive-in doors. The space includes 5,265 square feet allocated for office use. Midwest Custom Case, Inc. will be relocating from their previous site at 425 Crossing Drive, University Park, Illinois, with the lease commencing in Fall 2020. The property is conveniently near the West Monee Manhattan/I-57 interchange, providing immediate access to key U.S. supply chain routes including I-80.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: Unknown
  • Address: 25975 Cleveland Ave, Monee, IL, 60449
  • Square Feet: 239,700
  • Tenant's Representative: Matthew Stauber-Colliers International
  • Landlord: Unknown

Colliers International's Jim Estus and Matthew Stauber represented Midwest Custom Case, Inc. in this lease transaction, highlighting the positive engagement with the Mayor of Monee and his team. The selection of this newer building supports Midwest's operational efficiency and enhances their ability to navigate logistical challenges within the supply chain.

Players

Matthew Stauber

Colliers

Broker

$22.6M

vol

12 deals

Broker

Monee 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