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1933 North Meacham Road

Ramesh Mirchandani Of RTM Engineering Consultants Leases 15,452 Square Feet In Schaumburg Office
LEASEDOffice

Ramesh Mirchandani Of RTM Engineering Consultants Leases 15,452 Square Feet In Schaumburg Office

1933 North Meacham Road

Building Size

15,452 SF

Asset Type

Office

Closing

Jan 2, 2025

AI

1933 North Meacham Road is an office asset located in Schaumburg, offering a total space of 15,452 square feet. The property is part of a 142,000-square-foot building that accommodates other tenants including Lavelle Law and Naylor Association Solutions.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 1933 North Meacham Road
  • Market: Schaumburg
  • Landlord: Integris Ventures
  • Tenant: Ramesh Mirchandani - RTM Engineering Consultants
  • Broker: Joe Stevens - Transwestern

Joe Stevens represented the landlord, Integris Ventures, in this lease transaction involving RTM Engineering Consultants as the tenant. This lease adds to the recent activity in the building, where Lavelle Law and Naylor Association Solutions have also secured significant leases.

Players

Joe Stevens

Transwestern

Broker

4 deals

Broker

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