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
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