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2601 Navistar Drive, Lisle,...

National Express Leases 54000 Square Feet At 2601 Navistar Drive In Lisle From Navistar
LEASEDOffice

National Express Leases 54000 Square Feet At 2601 Navistar Drive In Lisle From Navistar

2601 Navistar Drive, Lisle, IL, 60532

Building Size

54,000 SF

Asset Type

Office

Closing

Feb 28, 2017

AI

The property involved in this transaction is a 54,000 square foot office space located at 2601 Navistar Drive, Building 5, in Lisle, Illinois. This property is positioned within the Lisle market and is part of the Navistar headquarters campus.

Summary of transation details:

  • Property Type: Office Lease
  • Transaction Amount: Not specified
  • Address: 2601 Navistar Drive, Lisle, IL, 60532
  • Market: Lisle
  • Tenant: National Express
  • Landlord: Navistar
  • Tenant's Representatives: Gary Fazzio-CBRE, Jonathan "Jon" Springer-CBRE
  • Landlord's Representative: John Musgjerd-JLL

This leasing deal was facilitated by CBRE’s representatives, Gary Fazzio and Jonathan "Jon" Springer, who assisted National Express in securing the long-term lease. JLL’s John Musgjerd represented the landlord, Navistar, in this transaction.

Players

Jonathan Springer

CBRE

Broker

10 deals

Broker

Lisle Office Market Snapshot

Boundary boundary · Office · 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