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
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