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25340 South Ridgeland Avenue

Nuveen Leases 168741 Square Feet Industrial Facility In Monee With Greg Herren As Landlord
LEASEDIndustrial

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

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.

Players

Ryan Klink

Cushman & Wakefield

Broker

2 deals

Broker
Seefried Industrial Properties
Seefried Industrial PropertiesLandlord
William (Bill) Huffman

William Huffman

Nuveen

Tenant

$2B

vol

26 deals

Tenant

Monee 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