Updated Oct 29, 2024
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
About this deal
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.
On the Map
Industrial
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Players
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