CellCarta Biosciences Leases Life Sciences Space In Naperville, IL
1827 Centre Point Circle, Naperville, IL 60563
Building Size
29,283 SF
Asset Type
Industrial
Closing
Aug 30, 2021
AI
The leased property is located at 1841 Centre Point Circle in Naperville, Illinois. It is a life sciences asset with a total square footage of 29,283. The tenant, CellCarta Biosciences Inc., will occupy the space for the next 15 years. The asking rent for the property is $17 per square foot.
Summary of transation details
- Property Type: Life Sciences
- Transaction Amount: Lease
- Date: 08/30/2021
- Address: 1841 Centre Point Circle
- Market: Naperville, IL
- Tenant: CellCarta Biosciences Inc.
- Tenant's Rep: Nate Grill & Kevin Rocio - ROC Properties
- Asking Rent: $17/ft.
- Square Footage: 29,283
CellCarta Biosciences Inc. is a global Contract Research Organization Laboratory (CRO) providing biomarker platforms and services to the biopharmaceutical industry. This location will serve as their U.S. and Canadian office, accommodating over 200 employees.
In addition, ROC Advisory Group, which includes Nate Grill and Kevin Rocio, received the Platinum Commercial Real Estate Top Producer Award from the Chicago Association of REALTORS® in 2015. They offer tenant and landlord representation services and have completed numerous successful commercial leases.
Players
Naperville 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