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
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