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31 Presidential Dr, Roselle...

EquipSolutions Leases 79541 Square Feet From Roselle Holdings LLC In Roselle, IL
LEASEDIndustrial

EquipSolutions Leases 79541 Square Feet From Roselle Holdings LLC In Roselle, IL

31 Presidential Dr, Roselle, IL, 60172

Building Size

79,541 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

A 79,541-square-foot industrial building located at 31 Presidential Drive in Roselle, Illinois was involved in a lease transaction valued at $1.7 million. The asset is positioned within the Roselle market and serves as a facility for EquipSolutions, a water treatment equipment company.

Summary of transaction details:

  • Property Type: Industrial Lease
  • Transaction Amount: $1.7 million
  • Address: 31 Presidential Dr, Roselle, IL, 60172
  • Market: Roselle
  • Tenant: EquipSolutions
  • Landlord: Roselle Holdings, LLC
  • Tenant's Representatives: Kenneth Franzese-Lee & Associates, John Cassidy-Lee & Associates
  • Landlord's Representatives: Jeffrey "Jeff" Galante-Lee & Associates, Jeffrey Janda-Lee & Associates

Rick Anesi, vice president, along with John Cassidy and Ken Franzese, principals of Lee & Associates’ Illinois office, represented the tenant, EquipSolutions. Jeffrey Janda and Jeff Galante, both principals of Lee & Associates’ Illinois office, acted on behalf of the landlord, Roselle Holdings, LLC, in this transaction.

Players

Jeffrey Janda

Lee & Associates

Broker

$37.7M

vol

28 deals

Broker

Roselle 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