Duke Realty Leases 71000 SF Industrial Space To Mega Polymers In Romeoville
1343 Enterprise Dr, Romeoville, IL, 60...
Building Size
71,000 SF
Asset Type
Industrial
Closing
Apr 25, 2017
AI
Industrial property located at 1341-1343 Enterprise Drive in Romeoville, IL, spanning 324,000 square feet, was leased to Mega Polymers. The lease, negotiated by Michael Connor, Susan Bergdoll, and Trevor Ragsdale of JLL, encompasses 71,000 square feet of the facility.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not provided in the context
- Landlord: Duke Realty
- Tenant: Mega Polymers
- Square Feet: 71,000
- Address: 1341-1343 Enterprise Drive, Romeoville, IL
- Market: Romeoville
Susan Bergdoll and Michael Connor, alongside JLL’s Trevor Ragsdale, facilitated the lease agreement with Mega Polymers at the Industrial property in Romeoville. Representing the tenant was Terri Alexander from Transwestern.
Players
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