Bauderer Packaging Leases Additional Space At 775 Belden Avenue In Addison
775 Belden Avenue Addison, IL 60101, USA
Building Size
28,769 SF
Asset Type
Industrial
Closing
Sep 11, 2023
AI
A 28,769-square-foot lease expansion has fully occupied the 200,907-square-foot industrial property located at 775 Belden Avenue in Addison, IL. The property, owned by Link Logistics, is situated in the Addison market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 775 Belden Avenue
- Market: Addison
- Square Footage: 28,769
The landlord, Luke Petherbridge from Link Logistics, oversaw the lease expansion. The tenant, Bauderer Packaging, was represented by Rick Morris of Cresa. On the landlord's side, Jeff Janda and Michael Plumb from Lee & Associates served as the representatives.
This lease expansion adds to the occupancy of the property, reaching its full capacity. It was a successful transaction facilitated by the brokerage firms involved, bringing together both the landlord and the tenant.
Players
Addison 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