Updated Dec 4, 2024
Pritzker Realty Group Lessees 639,917 Square Foot Industrial Space To RJW Logistics Group
275 West Laraway Road
Building Size
639,917 SF
Asset Type
Industrial
Closing
Aug 28, 2024
About this deal
AI
The property asset involves a 639,917-square-foot industrial building located at 275 West Laraway Road in Joliet, Illinois. This asset is under the ownership of Pritzker Realty Group.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 275 West Laraway Road
- Market: Joliet
- Landlord: Pritzker Realty Group
- Tenant: RJW Logistics Group
- Landlord's Representative: Jeffrey Galante & Jeffrey Janda - Lee & Associates
- Tenant's Representative: Dominic Carbonari - JLL
The lease was finalized by Lee & Associates on behalf of Pritzker Realty Group for a long-term agreement with RJW Logistics Group. Jeffrey Galante and Jeffrey Janda acted as representatives for the landlord, while Dominic Carbonari represented the tenant.
On the Map
Industrial
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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