Byline Bank Leases 34200 Square Feet At 20 N Martingale Rd Schaumburg From Zeller Realty Group
20 N Martingale Rd, Schaumburg, IL...
Building Size
34,200 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property involved in this closed transaction is located at 20 N Martingale Rd, Schaumburg, IL. This lease transaction encompasses a space measuring 34,200 square feet situated in the Schaumburg market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 20 N Martingale Rd, Schaumburg, IL
- Square Feet: 34,200
- Tenant: Byline Bank
- Landlord: Zeller Realty Group
- Tenant's Representative: David Ven Horst - Tenant Advisors
The deal involved Byline Bank, represented by David Ven Horst from Tenant Advisors, while Zeller Realty Group served as the landlord in the transaction. The transaction reflects a direct engagement between the noted parties in the leasing of the commercial space.
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