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1723 Marshall Drive

Lee & Associates Brokers Lease For Advanced Plastic Corp In Des Plaines Industrial Building
LEASEDIndustrial

Lee & Associates Brokers Lease For Advanced Plastic Corp In Des Plaines Industrial Building

1723 Marshall Drive & 1757 Marshall Drive

Building Size

175,406 SF

Asset Type

Industrial

Closing

Sep 21, 2023

AI

Lee & Associates has closed a long-term lease for an 87,703-square-foot industrial building located at 1723-1757 Marshall Drive in Des Plaines, IL. This industrial property, situated in the Des Plaines market, is owned by DRA Advisors, with David Luski serving as their representative. The tenant of this property is Advanced Plastic Corp, represented by James Stoesser.

Summary of transaction details:

  • Property Type: Industrial
  • Square Footage: 87,703
  • Address: 1723-1757 Marshall Drive, Des Plaines, IL
  • Market: Des Plaines
  • Landlord: DRA Advisors - David Luski
  • Tenant: Advanced Plastic Corp - James Stoesser

Rick Anesiv, Jeff Janda, John Cassidy, and Brad Simousek, all from Lee & Associates, were the brokers involved in this leasing transaction. They successfully represented Advanced Plastic Corp in securing the property. On the other hand, Jeff Janda, John Cassidy, and Brad Simousek, also from Lee & Associates, represented the landlord, DRA Advisors, in this deal.

Players

Jeffrey Janda

Lee & Associates

Broker

$37.7M

vol

28 deals

Broker
David Luski

David Luski

DRA Advisors

Landlord

$3.3B

vol

33 deals

Landlord

Des Plaines 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