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1035 S Frontage Rd, Darien,...

Sterling Bay Leases 90000 Square Feet To Unknown Tenant At 1035 S Frontage Rd Darien
LEASEDOffice

Sterling Bay Leases 90000 Square Feet To Unknown Tenant At 1035 S Frontage Rd Darien

1035 S Frontage Rd, Darien, IL, 60561

Building Size

90,000 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property is located at 1035 S Frontage Rd, Darien, IL, 60561, in the Darien market. This asset comprises a total of 90,000 square feet and is currently leased. The landlord involved in this transaction is Sterling Bay.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 1035 S Frontage Rd, Darien, IL, 60561
  • Market: Darien
  • Landlord: Sterling Bay
  • Landlord's Representatives: Jeffrey Fischer & Jeff Fischer - CBRE, John Whitehead - NAI Hiffman
  • Tenant: Unknown

The deal involves representatives from CBRE and NAI Hiffman, with Jeffrey Fischer, Jeff Fischer, and John Whitehead participating in the transaction. Their roles are to represent the interests of the landlord, Sterling Bay, during this leasing process.

Players

Jeffrey Fischer

CBRE

Broker

16 deals

Broker
Sterling Bay
Sterling BayBrokerage
Sterling Bay
Sterling BayLandlord

Darien 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