Manhard Consulting Leases 17,989 SF Office At 1 Overlook Point, Lincolnshire
1 Overlook Point, Lincolnshire, IL, 600...
Building Size
17,989 SF
Asset Type
Office
Closing
Feb 19, 2019
AI
Located at 1 Overlook Point in Lincolnshire, Illinois, the office asset spans across 17,989 square feet in the Lincolnshire Corporate Center. The property features a newly constructed amenity center along with a refurbished multi-story building entrance, offering corporate amenities such as a café, Wi-Fi lounge, outdoor amphitheater, lakeside eating area/patio, outdoor fire pit, conference facility, fitness center, and bike room.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Market: Lincolnshire
- Landlord's Rep: Nicholas Panarese III (Van Vlissingen and Company)
- Square Feet: 17989
Manhard Consulting, a civil engineering and surveying firm, has recently leased the office space at One Overlook Point. The firm, established over 25 years ago in Vernon Hills, decided to move to this location to create a more collaborative environment for its teams. Nicholas Panarese of Van Vlissingen and Company represented One Overlook Point in the leasing deal, which aligns well with Manhard Consulting's intention to provide a meaningful experience for its staff in a conducive workspace.
Lincolnshire Office Market Snapshot
Boundary boundary · Office · 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