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3905 Morriem Drive

Jensen-Souders And Associates Expands Lease To 105000 SF At 3905-3925 Morriem Drive In Belvidere
LEASEDIndustrial

Jensen-Souders And Associates Expands Lease To 105000 SF At 3905-3925 Morriem Drive In Belvidere

3905 Morriem Drive

Building Size

105,000 SF

Asset Type

Industrial

Closing

Sep 16, 2025

AI

The asset involved in this transaction is an industrial property located at 3905-3925 Morriem Drive in Belvidere, with a total square footage of 105,000. The property is leased by Jensen-Souders and Associates, which has recently expanded its lease to occupy the entire building.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Square Footage: 105,000
  • Address: 3905-3925 Morriem Drive
  • Market: Belvidere
  • Landlord: Stag Industrial
  • Tenant: Katie Pogue - Jensen-Souders and Associates
  • Landlord's Representative: Shane Van Sickle - LandMark Real Estate Group
  • Tenant's Representatives: Jeff Janda & Jeff Galante - Lee & Associates

This lease transaction highlights the involvement of key representatives, with Jeff Janda and Jeff Galante from Lee & Associates acting on behalf of the tenant, while Shane Van Sickle from LandMark Real Estate Group represented the landlord, Stag Industrial, in the agreement.

Players

Jeffrey Janda

Lee & Associates

Broker

$37.7M

vol

28 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage
Stag Industrial
Stag IndustrialLandlord
Katie Pogue

Katie Pogue

Jensen-Souders and Associates

Tenant

1 deal

Tenant
Jensen-Souders and Associates
Jensen-Souders and AssociatesTenant

Belvidere 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