facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Industrial

/

Lease

/

381 Randy Rd, Carol Stream,...

Polygon Leases 15000 Square Feet At 381 Randy Rd Carol Stream With Finch & Barry Properties
LEASEDIndustrial

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

Steve Bass

NAI Global

Broker

$24.8M

vol

3 deals

Broker

Carol Stream Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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