Alliant Insurance Renews Lease At One Oakbrook Terrace In Oakbrook Terrace
1 Oakbrook Ter, Villa Park, IL, 60181
Building Size
5,170 SF
Asset Type
Commercial
Closing
Nov 22, 2023
AI
The property at 1 Oakbrook Ter, Villa Park, IL, 60181 in the Oakbrook Terrace market is a commercial asset comprising 5,170 square feet. Alliant Insurance Services, a company offering commercial insurance brokerage, risk management, and employee benefits solutions, has renewed its lease at this location.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not specified
- Tenant: Alliant Insurance Services
- Landlord: Unknown
- Tenant's Rep: Thomas (Tom) Berarducci (Colliers International)
The individuals involved in this transaction include Thomas (Tom) Berarducci from Colliers International, who represented Alliant Insurance Services in renewing the lease. The property is managed and leased by NAI Hiffman, with Mike Van Zandt and Brian Edgerton handling these responsibilities on behalf of the private ownership.
Players
Oakbrook Terrace Commercial Market Snapshot
Boundary boundary · Commercial · 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