Randy Olczyk & Ray Okigawa Lease Industrial Space To DRF Trusted Property Solutions In Schaumburg
1200 Remington Rd, Schaumburg, IL...
Building Size
1,800 SF
Asset Type
Industrial
Closing
Jul 12, 2019
AI
The property involved in this lease transaction is an industrial asset located at 1200 Remington Rd, Schaumburg, IL, comprising an area of 1,800 square feet. It is situated in the Schaumburg market, providing a space suitable for tenants in various industrial operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Disclosed
- Lease Date: 07/12/2019
- Address: 1200 Remington Rd, Schaumburg, IL
- Landlord: 1207 Remington LLC
- Tenant: DRF Trusted Property Solutions
- Landlord's Representatives: Randy Olczyk-Chicagoland Commercial Real Estate, Ray Okigawa-Chicagoland Commercial Real Estate
Randy Olczyk and Ray Okigawa represented the landlord, 1207 Remington LLC, in this lease transaction. This deal also aligns with the representation of another lease at 1256 Remington Road for the tenant, DoorDash, with Max Nachemson of Cushman & Wakefield serving as the tenant's representative in that separate lease agreement.
Players
Schaumburg Industrial Market Snapshot
Boundary boundary · Industrial · 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