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133 North Swift Road

Lee & Associates Leases 87,640 SF Industrial Warehouse In Addison, IL
LEASEDIndustrial

Lee & Associates Leases 87,640 SF Industrial Warehouse In Addison, IL

133 North Swift Road

Building Size

87,640 SF

Asset Type

Industrial

Closing

Nov 2, 2023

AI

A long-term lease has been secured by Lee & Associates for an undisclosed electrical manufacturing company at 133 N. Swift Rd. in Addison, IL. The property, located in the Central DuPage submarket, offers 87,640 square feet of industrial space. It features 29' ceilings, three interior docks, and one drive-in door. Situated on nearly five acres, this warehouse presents an attractive opportunity for the tenant.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Square Footage: 87,640
  • Address: 133 North Swift Road, Addison, IL
  • Market: Addison

The Landlord's representatives in this deal were Nick Krejci and Noel Liston from Core Industrial Realty. Acting on behalf of the tenant, Jeff Janda and Jeffrey Galante from Lee & Associates facilitated the transaction, ensuring a successful lease agreement for the undisclosed electrical manufacturing company. With their expertise, they secured a favorable deal for both parties involved in the long-term lease.

Players

Jeffrey Janda

Lee & Associates

Broker

$37.7M

vol

28 deals

Broker

Addison 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