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2217 S Loomis St, Chicago, ...

Updated Oct 29, 2024

Dayton Street Partners Fully Leases Industrial Asset In Chicago To Meade And Central States Trucking
LEASEDIndustrial

Dayton Street Partners Fully Leases Industrial Asset In Chicago To Meade And Central States Trucking

2217 S Loomis St, Chicago, IL, 60608

Building Size

25,326 SF

Asset Type

Industrial

Closing

Nov 22, 2023

About this deal

AI

Located in Chicago, Illinois, the industrial property at 2217 S Loomis St spans 29,326 square feet. This asset, owned by Dayton Street Partners, recently saw two leases signed, bringing its occupancy to 100 percent. Meade, Inc. leased 25,326 square feet, while Central States Trucking secured around 4,000 square feet on three acres. The property features ample parking for trailers and trucks, outdoor storage space, an office/showroom, and a truck scale. Its strategic positioning offers direct access to major interstates, high-density neighborhoods, and a robust logistics infrastructure.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Tenant's Rep: Peter Poulos (Peter J. Real Estate)
  • Landlord: Dayton Street Partners
  • Square Feet: 29,326
  • Tenants: Meade, Inc. and Central States Trucking
  • Key benefits: Direct access to I55/94, proximity to CBD, and high-quality logistics infrastructure

CBRE’s Kevin Segerson and Philip A. DeBoer represented Forward Air in the deal, while Peter Poulos from Peter J. Real Estate represented Meade, Inc. Dayton Street Partners, a prominent investor and developer, continues to expand its portfolio with strategic acquisitions in various locations across the U.S., focusing on high barrier to entry industrial and office properties. The property's location provides exceptional access to interstate infrastructure and is surrounded by key players in the distribution, trucking, and manufacturing industries.

Players

Peter Poulos

Peter J. Real Estate

Broker

1 deal

Broker
DP
Dayton Street PartnersLandlord

Chicago 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

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