Updated Mar 6, 2025
Nuveen Leases 168741 Square Feet Industrial Facility In Monee With Greg Herren As Landlord
25340 South Ridgeland Avenue
Building Size
—
Asset Type
Industrial
Closing
Mar 6, 2025
About this deal
AI
The property asset involved in this lease transaction is an industrial facility located at 25340 South Ridgeland Avenue in Monee, Illinois. The building encompasses a total area of 168,741 square feet and was developed by Seefried Industrial Properties.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 25340 South Ridgeland Avenue
- Market: Monee
- Landlord: Greg Herren - Seefried Industrial Properties
- Tenant: Bill Huffman - Nuveen
- Brokers: Ryan Klink & Sean Henrick - Cushman & Wakefield
Key individuals involved in this transaction include Greg Herren representing the landlord, Greg Herren’s firm Seefried Industrial Properties, and tenant representative Bill Huffman of Nuveen. The brokers facilitating the transaction were Ryan Klink and Sean Henrick from Cushman & Wakefield.
On the Map
Industrial
View full map
Players
Monee Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Deal FAQ
Browse Monee industrial leases on Traded.
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