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
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