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1301 W 22nd St, Oak Brook, ...

SLAS Leases 2713 SF Industrial Space In Oak Brook, IL With Tenant's Rep Perry Higa
LEASEDIndustrial

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

Perry Higa

NAI Global

Broker

3 deals

Broker
GC
Golub & CompanyBrokerage

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