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1360 Busch Pkwy, Buffalo Gr...

Chicago Quick Clean LLC Leases Office Space At 1360 Busch Pkwy, Buffalo Grove
LEASEDOffice

Chicago Quick Clean LLC Leases Office Space At 1360 Busch Pkwy, Buffalo Grove

1360 Busch Pkwy, Buffalo Grove, IL, 6...

Building Size

1,946 SF

Asset Type

Office

Closing

Dec 12, 2018

AI

The office asset at 1360 Busch Parkway in Buffalo Grove, IL, encompassing 1,946 square feet, was the subject of a lease transaction between the tenant, Chicago Quick Clean LLC, and the landlord, Van Vlissingen and Co. Mason Hezner of Brown Commercial Group represented Chicago Quick Clean LLC in consolidating multiple office spaces into this single lease.

Summary of transaction details:

Nicholas Panarese III of Van Vlissingen and Company acted as the landlord's representative in the transaction, ensuring a successful lease agreement for the office space. Hezner's expertise facilitated the consolidation of different office spaces for Chicago Quick Clean LLC, streamlining their operations into a single, efficient location at 1360 Busch Parkway in Buffalo Grove.

Players

Mason Hezner

Brown Commercial Group

Broker

$5.7M

vol

17 deals

Broker

Van Vlissingen

Van Vlissingen and Co.

Landlord

$6.5M

vol

3 deals

Landlord

Buffalo Grove 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