CBRE & Lee & Lakeview Lease Industrial Space To Xpedient Management Group In Romeoville
101 Paragon Dr, Romeoville, IL, 60446
Building Size
22,265 SF
Asset Type
Industrial
Closing
Apr 24, 2019
AI
Located at 101 Paragon Drive in Romeoville, Illinois, this industrial property spans 22,265 square feet. The lease transaction for this asset was recently closed between the tenant, Xpedient Management Group, and the landlord, Lakeview Realty Investors.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 101 Paragon Dr, Romeoville, IL, 60446
- Market: Romeoville
- Tenant's Rep: Stephanie Park(CBRE), Traci Payette()
- Tenant: Xpedient Management Group
- Landlord: Lakeview Realty Investors
- Square Feet: 22,265
The lease deal was facilitated by Terry Grapenthin, Jeff Galante, and Ryan Earley from Lee & Associates’ Illinois office, who represented the landlord, Lakeview Realty Investors. On the other side, the tenant, Xpedient Management Group, was represented by Traci Payette and Stephanie Park from CBRE. The negotiation involved structuring a deal that aligned with the tenant's budget requirements, showcasing the collaborative effort between the parties involved.
Players
Romeoville Industrial Market Snapshot
Boundary boundary · Industrial · 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