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2060 E Algonquin Rd, Schaum...

International Leak Detection LLC Leases Office Space In Schaumburg For 2352 Sq Ft
LEASEDOffice

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:

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

Mason Hezner

Brown Commercial Group

Broker

$5.7M

vol

17 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