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2110 Wallace Way Woodridge,...

Rowan Electric Appliance LLC Leases 132892 SF Industrial Facility In Woodridge From ML Realty Partners
LEASEDIndustrial

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

John Whitehead

NAI Global

Broker

4 deals

Broker
NAI Hiffman
NAI HiffmanBrokerage
ML Realty Partners
ML Realty PartnersLandlord

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