Rowan Electric Appliance LLC Leases 132892 SF Industrial Facility In Woodridge From ML Realty Partners
Building Size
132,892 SF
Asset Type
Industrial
Closing
Sep 17, 2025
AI
An industrial property located at 2110 Wallace Way in Woodridge has been leased by Rowan Electric Appliance LLC from ML Realty Partners. The facility spans a total of 132,892 square feet and is designated for warehousing and distribution purposes.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Asset Size: 132,892 SF
- Address: 2110 Wallace Way
- Market: Woodridge
- Landlord: ML Realty Partners
- Tenant: Rowan Electric Appliance LLC
- Landlord's Representative: Mark Moran, Dan Leahy & John Whitehead - NAI Hiffman
- Tenant's Representatives: Alex Zhang - Topsky Realty Inc; Pengfei Zhang - Cloudup Realty LLC
Mark Moran, Dan Leahy, and John Whitehead represented ML Realty Partners in this lease transaction. Alex Zhang and Pengfei Zhang acted as representatives for Rowan Electric Appliance LLC, facilitating the agreement for the newly constructed industrial facility.
Players
Market 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