Crimson AV Leases 84087 Square Feet At 500 Lindberg Ln Northbrook From Zilber Property Group
500 Lindberg Ln, Northbrook, IL, 60062
Building Size
84,087 SF
Asset Type
Industrial
Closing
Jan 28, 2019
AI
The property located at 500 Lindberg Lane in Northbrook, IL, consists of an 84,087 square foot space within a market characterized by competitive vacancy rates. The leasing transaction was facilitated by parties representing the tenant and landlord. The address is situated within a dynamic industrial hub in Northbrook.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 500 Lindberg Ln, Northbrook, IL, 60062
- Market: Northbrook
- Tenant: Crimson AV
- Landlord: Zilber Property Group
- Tenant's Representative: Patrick Turner (Colliers International)
Patrick Turner from Colliers International represented the tenant, Crimson AV, in this leasing deal, while Zilber Property Group was represented by Sam Badger and Jared Paff of CBRE. This transaction is part of a broader set of lease agreements facilitated by Colliers International, which includes several significant transactions across the Chicago area.
Players
Northbrook 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