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
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