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101 Paragon Dr, Romeoville,...

CBRE & Lee & Lakeview Lease Industrial Space To Xpedient Management Group In Romeoville
LEASEDIndustrial

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

Stephanie Park

CBRE

Broker

$50.3M

vol

3 deals

Broker
LI
Lakeview Realty InvestorsLandlord

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