Updated Oct 29, 2024
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
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