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220 Westgate Drive

NAI Hiffman Brokers Long-Term Lease For 18800 Square Foot Industrial Property In Carol Stream
LEASEDIndustrial

NAI Hiffman Brokers Long-Term Lease For 18800 Square Foot Industrial Property In Carol Stream

220 Westgate Drive

Building Size

18,800 SF

Asset Type

Industrial

Closing

Feb 27, 2025

AI

The industrial property located at 220 Westgate Drive in Carol Stream encompasses an area of 18,800 square feet. This site features office space, high-clearance doors, and a secure yard for operational efficiency within the industrial market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 220 Westgate Drive
  • Market: Carol Stream
  • Square Footage: 18,800

The transaction was facilitated by a team of brokers from NAI Hiffman, comprising R. Kelly Disser III, Michael Freitag, Bill Byrne, and TJ Feeney. This brokerage team successfully secured a long-term lease for the property, achieving zero days of vacancy for the landlord and completing their second deal for this location within four years.

Players

R. Kelly Disser III

NAI Hiffman

Broker

$12.1M

vol

4 deals

Broker

Carol Stream 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