International Leak Detection LLC Leases Office Space In Schaumburg For 2352 Sq Ft
2060 E Algonquin Rd, Schaumburg, IL...
Building Size
2,352 SF
Asset Type
Office
Closing
Aug 20, 2019
AI
The leased property is a 2,352-square-foot office suite located at 2060 Algonquin Road in Schaumburg, Illinois. The lease term is set for five years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: International Leak Detection LLC
- Tenant's Rep: Mason Hezner (Brown Commercial Group)
- Landlord's Rep: Larry Meyer (Marc Realty)
- Market: Schaumburg
The tenant in this transaction, International Leak Detection LLC, was represented by Mason Hezner from Brown Commercial Group. On the other side, Larry Meyer from Marc Realty served as the landlord's representative in the deal.
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