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500 Lindberg Ln, Northbrook...

Crimson AV Leases 84087 Square Feet At 500 Lindberg Ln Northbrook From Zilber Property Group
LEASEDIndustrial

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

Thomas Rodeno

Colliers

Broker

$22.6M

vol

14 deals

Broker
ZG
Zilber Property GroupLandlord

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