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
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