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
About this deal
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.
On the Map
Office
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Lisle Office Market Snapshot
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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