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775 Belden Avenue Addison, ...

Bauderer Packaging Leases Additional Space At 775 Belden Avenue In Addison
LEASEDIndustrial

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

Jeffrey Janda

Lee & Associates

Broker

$37.7M

vol

28 deals

Broker
Link Logistics Real Estate
Link Logistics Real EstateBrokerage
Luke Petherbridge

Luke Petherbridge

Link Logistics Real Estate

Landlord

$1B

vol

15 deals

Landlord

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