DoorDash Leases 1900 Sq Ft Industrial Space In Schaumburg From 1207 Remington LLC
1256 Remington Rd, Schaumburg, IL...
Building Size
1,900 SF
Asset Type
Industrial
Closing
Jul 12, 2019
AI
The property asset involved in this transaction is a 1,900-square-foot warehouse located at 1256 Remington Rd, Schaumburg, IL, in the Schaumburg market. The lease was executed by DoorDash, a food delivery company, with the landlord being 1207 Remington LLC.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 1256 Remington Rd, Schaumburg, IL
- Tenant: DoorDash
- Landlord: 1207 Remington LLC
- Tenant's Representative: Max Nachemson-Cushman & Wakefield
- Landlord's Representatives: Randy Olczyk-Chicagoland Commercial Real Estate, Ray Okigawa-Chicagoland Commercial Real Estate
- Square Feet: 1,900
In this lease transaction, Randy Olczyk and Ray Okigawa not only represented the landlord, 1207 Remington LLC, but they also previously represented both the landlord and a new tenant, DRF Trusted Property Solutions, in a lease of 1,800 square feet at another location within the same complex.
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