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1400 American Lane

Network Services Company Leases Office Space At 1400 & 1450 American Lane In Schaumburg With Landlord's Rep Steve Kling & David Florent - Colliers
LEASEDOffice

Network Services Company Leases Office Space At 1400 & 1450 American Lane In Schaumburg With Landlord's Rep Steve Kling & David Florent - Colliers

1400 American Lane

Building Size

40,000 SF

Asset Type

Office

Closing

Feb 7, 2023

AI

The property involved in this lease transaction is an office space located at 1400 & 1450 American Lane in Schaumburg. The office space spans a total of 40,000 square feet.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 02/07/2023
  • Address: 1400 & 1450 American Lane, Schaumburg
  • Market: Schaumburg
  • Landlord: American Landmark Properties - Yisroel Gluck & John Roeser
  • Tenant: Network Services Company
  • Landlord's Representative: Steve Kling & David Florent - Colliers
  • Tenant's Representative: James Otto & Hank Cox - CBRE

In this lease transaction, American Landmark Properties, represented by Yisroel Gluck and John Roeser, leased the office space at 1400 & 1450 American Lane to Network Services Company. The tenant was represented by James Otto and Hank Cox from CBRE, while the landlord was represented by Steve Kling and David Florent from Colliers.

Players

James Otto

CBRE

Broker

3 deals

Broker
AP
American Landmark PropertiesLandlord

Schaumburg 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