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3838 N River Rd, Schiller P...

Updated Oct 29, 2024

Bilt advertisement
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

About this deal

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

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