Updated Oct 29, 2024
Cynamic Chemical Company Renews Lease For 20,124 SF Industrial Space In Batavia
1400 Kingsland Drive Batavia, Illinois 60510, USA
Building Size
20,124 SF
Asset Type
Industrial
Closing
Jul 28, 2023
About this deal
AI
The Cynamic Chemical Company, a private-label chemical manufacturer, has renewed its lease for 20,124 square feet at 1400 Kingsland Drive in Batavia. The industrial property is owned by Mapletree and is situated in the bustling market of Batavia, Illinois.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 1400 Kingsland Drive
- Market: Batavia, Illinois
- Square Footage: 20,124
The lease renewal was brokered by Michael Androwich of Lee & Associates, who represented Cynamic Chemical Company as their tenant representative. Lee & Associates has successfully closed numerous industrial transactions in Illinois. With this lease renewal, Cynamic Chemical Company maintains their presence in the industrial property, securing their operations in Batavia.
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Industrial
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Batavia Industrial Market Snapshot
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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