Worldwide Flight Services Leases 66552 Square Feet At The Cubes At ORD In Franklin Park
10698 Seymour Avenue
Building Size
66,552 SF
Asset Type
Industrial
Closing
Aug 29, 2025
AI
The property asset involved in this transaction is an industrial space located at 10698 Seymour Avenue in Franklin Park, with a size of 66,552 square feet. It is situated near O’Hare International Airport, which highlights its logistical advantages in the industrial market.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 10698 Seymour Avenue
- Market: Franklin Park
- Landlord: Bob Clark - CRG (CRG_Real_Estate)
- Tenant: Worldwide Flight Services
- Landlord's Representative: Brian Colson & Brian Pomorski - Avison Young
- Tenant's Representative: Matthew (Matt) Mulvihill - CBRE
The deal was facilitated with the involvement of Avison Young representing the landlord, CRG, and CBRE representing the tenant, Worldwide Flight Services. This collaboration highlights the critical roles played by brokerage firms in executing the lease agreement.
Players
Franklin Park 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