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
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