Updated Dec 4, 2024
Schwab Paper Products Renews Lease For 55,000-SF Industrial Building In Romeoville
636 Schwab Cir, Romeoville, IL 60446
Building Size
55,000 SF
Asset Type
Industrial
Closing
May 22, 2023
About this deal
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
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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