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
About this deal
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:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant's Rep: Mason Hezner - Brown Commercial Group
- Landlord's Rep: Nicholas Panarese III - Van Vlissingen and Company
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.
On the Map
Office
View full map
Players
Buffalo Grove Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse Illinois office leases on Traded.
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