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
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