Updated Nov 28, 2024
Coaster Co. Of America Leases 150,209 SF Industrial Property In Roselle, Illinois
1550 Central Ave, Roselle, IL 60172
$18
Building Size
—
Asset Type
Industrial
Closing
Jun 6, 2023
About this deal
AI
Furniture company Coaster Co. of America has fully leased Turnberry 5, a 150,209-square-foot industrial property located at 1550 Central Avenue in Roselle, Illinois. The facility, built in 1998, offers 30-foot clear heights and 10 dock positions. The lease terms are for five years with an asking rent of $18 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not applicable
- Address: 1550 Central Avenue, Roselle, Illinois
- Market: Roselle
The landlord in this lease transaction is Prologis, while the tenant is Coaster Co. of America. NAI Hiffman represented the landlord, Prologis, and Jeff Janda & Tim Cronin from Lee & Associates represented the tenant, Coaster Co. of America.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
881277.78%
Cash-on-Cash
-251871.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93