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Schwab Paper Products Renews Lease For 55,000-SF Industrial Building In Romeoville
LEASED
Illinois
See Similar DealsIndustrial55,000 SF
Leased 05/22/2023
LEASED
Schwab Paper Products Renews Lease For 55,000-SF Industrial Building In Romeoville
636 Schwab Cir, Romeoville, IL 60446
See Similar DealsIndustrial55,000 SF
Leased 05/22/2023
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$13
Total Square Footage:55,000 SF
Transaction Type:Lease
Schwab Paper Products has renewed its lease for the entire 55,000-square-foot industrial building located at 636 Schwab Circle in Romeoville, Illinois. The property is owned by Link Logistics and the lease negotiations were facilitated by Ryan Earley of Lee & Associates, representing the landlord, and Terri Alexander of Transwestern, representing Schwab Paper Products. The lease terms are for a five-year period with an asking rent of $13.50 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not applicable
- Address: 636 Schwab Circle, Romeoville, IL
- Market: Romeoville
- Landlord: Link Logistics
- Tenant: Schwab Paper Products
- Landlord's Representative: Ryan Earley - Lee & Associates
- Tenant's Representative: Terri Alexander - Transwestern
- Asking Rent: $13.50 per square foot
- Lease Terms: Five-year
Players
BROKERAGE
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$819,667.37
Total Lease Value
$8,196,673.71
Net Landlord Cash Flow$819,667.37
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