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636 Schwab Cir, Romeoville,...

Schwab Paper Products Renews Lease For 55,000-SF Industrial Building In Romeoville
LEASEDIndustrial

Schwab Paper Products Renews Lease For 55,000-SF Industrial Building In Romeoville

636 Schwab Cir, Romeoville, IL 60446

$13

$13/SF

Building Size

55,000 SF

Asset Type

Industrial

Closing

May 22, 2023

AI

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

Ryan Earley

Lee & Associates

Broker

$17.6M

vol

7 deals

Broker
Link Logistics Real Estate
Link Logistics Real EstateBrokerage
Link Logistics Real Estate
Link Logistics Real EstateLandlord

Chicago 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

1220230.77%

Cash-on-Cash

-348745.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93