SLAS Leases 2713 SF Industrial Space In Oak Brook, IL With Tenant's Rep Perry Higa
1301 W 22nd St, Oak Brook, IL, 60523
Building Size
2,713 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The Society for Laboratory Automation and Screening (SLAS) has signed a new 2,713-square-foot lease at 1301 W. 22nd Street in Oak Brook, Illinois. The property is part of the Oak Brook 22 development, owned and managed by Golub & Company. The location underwent recent capital improvements, including a new fitness center, Wi-Fi lounge, and conference facilities.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 1301 W 22nd St, Oak Brook, IL, 60523
- Market: Oak Brook
- Tenant's Rep: Perry Higa(NAI Capital)
- Landlord: Golub & Company
Perry Higa from NAI Capital served as the tenant's representative in the lease transaction. SLAS, a provider of education, information, and innovation for professionals leveraging technology for scientific advancement, chose Oak Brook for its new headquarters due to easy access to transportation hubs and the area's modern office space offerings. The move to Oak Brook is expected to enhance the organization's operations and accessibility for its members.
Players
Oak Brook 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