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350 S Church St, Addison, I...

JDS Industries Leases 87000 Square Feet At 350 S Church St Addison From The Silverman Group
LEASEDIndustrial

JDS Industries Leases 87000 Square Feet At 350 S Church St Addison From The Silverman Group

350 S Church St, Addison, IL, 60101

Building Size

87,000 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

JDS Industries has signed an industrial lease for a property located at 350 S Church St, Addison, IL, encompassing a total area of 87,000 square feet. The facility includes 7,000 square feet of office space, has a clear height of 24 feet, features 13 exterior docks, one drive-in door, and provides 59 car parking spaces. This lease agreement marks JDS Industries’ relocation from Elk Grove Village as part of an operational expansion.

Summary of transation details:

  • Property Type: Industrial Lease
  • Transaction Amount: Not disclosed
  • Address: 350 S Church St, Addison, IL, 60101
  • Market: Addison
  • Landlord: The Silverman Group
  • Landlord's Representative: Britt Casey, Jeff Matella - Cushman & Wakefield
  • Tenant: JDS Industries
  • Tenant's Representative: Sam Durkin of JLL

The deal involves JDS Industries, a wholesale supplier of personalization and awards components, occupying the entire building. The leasing transaction is facilitated by Cushman & Wakefield representing the landlord and JLL representing the tenant, highlighting the key players involved in this significant move.

Players

Britt Casey

Cushman & Wakefield

Broker

$17M

vol

3 deals

Broker
Silverman Group
Silverman GroupLandlord

Addison 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