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3838 N River Rd, Schiller P...

Colliers International Secures Lease Deal For MidAmerican Printing Systems In Schiller Park
LEASEDCommercial

Colliers International Secures Lease Deal For MidAmerican Printing Systems In Schiller Park

3838 N River Rd, Schiller Park, IL, 601...

Building Size

30,554 SF

Asset Type

Commercial

Closing

Nov 20, 2023

AI

The property asset involved in this transaction is located at 3838 N River Rd, Schiller Park, IL, with a total area of 30,554 square feet. This is a commercial asset situated in the Schiller Park market.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: Not specified
  • Address: 3838 N River Rd, Schiller Park, IL, 601...
  • Square Feet: 30,554
  • Tenant: MidAmerican Printing Systems, Inc
  • Landlord: Brennan Investment Group
  • Tenant's Representative: Sean Austin - Colliers International
  • Landlord's Representatives: Matthew Stauber - Colliers International, Thomas Rodeno - Colliers International

This lease transaction was facilitated by Sean Austin, who represented MidAmerican Printing Systems, Inc, while Matthew Stauber and Thomas Rodeno represented Brennan Investment Group. The deal was a long-term lease reflecting MidAmerican's transition to a more centrally located facility in the O’Hare market.

Players

Matthew Stauber

Colliers

Broker

$22.6M

vol

12 deals

Broker
Brennan Investment Group
Brennan Investment GroupLandlord

Schiller Park 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