Polygon Leases 15000 Square Feet At 381 Randy Rd Carol Stream With Finch & Barry Properties
381 Randy Rd, Carol Stream, IL, 60188
Building Size
15,000 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
A 15,000-square-foot industrial space located at 381 Randy Rd, Carol Stream, IL, has been leased, situated within the Carol Stream market. This warehouse/distribution space features two drive-in docks equipped with levelers, offering functional logistics capabilities.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Address: 381 Randy Rd, Carol Stream, IL, 60188
- Market: Carol Stream
- Landlord: Finch & Barry Properties
- Tenant: Polygon
- Landlord's Representative: Jay Farnam & Steve Bass - Lee & Associates
- Tenant's Representative: Savills Studley
Jay Farnam and Steve Bass, serving as senior vice presidents of Lee & Associates' Illinois office, represented Finch & Barry Properties, which is based in Schaumburg, Illinois. The tenant, Polygon, is a document-recovery firm, and was advised by Savills Studley during this lease transaction.
Players
Carol Stream 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