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1 Oakbrook Ter, Villa Park,...

Alliant Insurance Renews Lease At One Oakbrook Terrace In Oakbrook Terrace
LEASEDCommercial

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

Thomas Berarducci

Colliers

Broker

1 deal

Broker
AS
Alliant Insurance ServicesTenant

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