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
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