Lucky Construction Leases 7500 Square Feet Industrial Space In Roselle From East Deal Inc
197 East Highland Parkway
Building Size
7,500 SF
Asset Type
Industrial
Closing
Oct 1, 2024
AI
The property involved in this lease transaction is an industrial building located at 197 East Highland Parkway in Roselle. The space occupies 7,500 square feet within a 9,400-square-foot structure, featuring 17-foot-high ceilings, drive-in loading, ample power, and parking facilities suitable for industrial operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 7,500
- Address: 197 East Highland Parkway
- Market: Roselle
- Landlord: East Deal Inc. / MM Realty
- Tenant: Lucky Construction
- Broker: Steve Jaynes - Bussel Realty Corp.
This lease was facilitated by Steve Jaynes of Bussel Realty Corp., representing the interests of Lucky Construction in securing the property. The transaction highlights the strategic decision by the construction firm to operate from a facility that offers significant logistical advantages due to its proximity to major transportation routes.
Players
Roselle 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