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279 Madsen Drive

JIE USA Inc. Signs Long-Term Lease For 39000 Square Feet With Prologis In Bloomingdale
LEASEDIndustrial

JIE USA Inc. Signs Long-Term Lease For 39000 Square Feet With Prologis In Bloomingdale

279 Madsen Drive

Building Size

39,000 SF

Asset Type

Industrial

Closing

Nov 13, 2024

AI

The property asset involved in this transaction is an industrial space located at 279 Madsen Drive in Bloomingdale, encompassing a total area of 39,000 square feet. The lease has a long-term duration and is managed by Prologis as the landlord.

Summary of transaction details:

This transaction marks a significant move for JIE USA Inc., as they expand from a previous 15,000-square-foot space in Carol Stream to this new location. The representation by Brown Commercial Group's Matt Hanson for the tenant and Cushman & Wakefield's Al Caruana and Jeff Matella for the landlord emphasizes the collaboration between the firms in facilitating this lease agreement.

Players

Al Caruana

Cushman & Wakefield

Broker

$17M

vol

4 deals

Broker

Bloomingdale 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