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1256 Remington Rd, Schaumbu...

DoorDash Leases 1900 Sq Ft Industrial Space In Schaumburg From 1207 Remington LLC
LEASEDIndustrial

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:

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

Max Nachemson

Cushman & Wakefield

Broker

1 deal

Broker
1L
1207 Remington LLCLandlord
D
DoorDashTenant

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