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10 Sigle Lane

Thomas Mortier's Staci Group Leases Industrial Space At 10 Sigle Lane, Dayton
LEASEDIndustrial

Thomas Mortier's Staci Group Leases Industrial Space At 10 Sigle Lane, Dayton

10 Sigle Lane

Building Size

285,362 SF

Asset Type

Industrial

Closing

Jun 18, 2024

AI

Located at 10 Sigle Lane in Dayton, a 285,362-square-foot industrial property has been leased by Heller Industrial Parks Inc. to Staci Group. This Class A facility will serve as a state-of-the-art location for Staci Group to consolidate its operations and enhance client service through strategic logistics and distribution. Representatives from CBRE facilitated the transaction.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Landlord: Heller Industrial Parks Inc.
  • Tenant: Thomas Mortier - Staci Group
  • Brokers: Chad Hillyer, Kevin Dudley, Nicholas Klacik & Kate Granahan - CBRE

CBRE's Chad Hillyer, Kevin Dudley, Nicholas Klacik, and Kate Granahan played a key role in representing Staci Group in securing the industrial lease at 10 Sigle Lane. This deal marks a significant consolidation for Staci Group, allowing them to operate from a modern and efficient space, providing enhanced services to their clientele from this well-located property.

Players

Kevin Dudley

CBRE

Broker

$174.8M

vol

22 deals

Broker

Dayton 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