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20 N Martingale Rd Schaumbu...

CBRE Facilitates 23,725-Square-Foot Lease At Woodfield Preserve Office Center In Schaumburg For Zeller & Primient
LEASEDOffice

CBRE Facilitates 23,725-Square-Foot Lease At Woodfield Preserve Office Center In Schaumburg For Zeller & Primient

20 N Martingale Rd Schaumburg, IL 60173, USA

$17

$17/SF

Building Size

23,725 SF

Asset Type

Office

Closing

Jun 28, 2023

AI

CBCRE has facilitated a 23,725-square-foot lease at Woodfield Preserve Office Center in Schaumburg, Illinois. The office center is located at 20 North Martingale Road and is classified as an office asset. The lease transaction was completed on June 28, 2023. The market for this property is Schaumburg.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 20 North Martingale Road, Schaumburg
  • Market: Schaumburg

The landlord in this lease transaction is Zeller, while the tenant is Primient. CBRE, represented by brokers Paul Diederich, William Elwood, Rob Graham, and Adam Lawler, facilitated the deal on behalf of Zeller. The asking rent for this lease was $17.69 per square foot, with a total area of 23,725 square feet. It is noteworthy that Primient, a producer of plant-based products, has relocated its headquarters to the Woodfield Preserve Office Center.

Players

Paul Diederich

CBRE

Broker

2 deals

Broker

Chicago 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

933117.65%

Cash-on-Cash

-266687.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93