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6300 N River Rd, Des Plaine...

Goosehead Insurance Leases 17887 Square Feet At 6300 N River Rd Des Plaines IL
LEASEDOffice

Goosehead Insurance Leases 17887 Square Feet At 6300 N River Rd Des Plaines IL

6300 N River Rd, Des Plaines, IL, 60018

Building Size

17,887 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property involved in the transaction is located at 6300 N River Rd, Des Plaines, IL, within the Rosemont market. It encompasses a total area of 17,887 square feet within a 130,000-square-foot, seven-story office building that includes amenities such as a fitness center, onsite café, lounge, conference center, Zen garden, and golf simulator.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Square Feet: 17,887
  • Address: 6300 N River Rd, Des Plaines, IL, 60018
  • Market: Rosemont
  • Landlord: Greco/DeRosa Investment Group
  • Landlord's Representative: Jonathon Connor, Colliers International
  • Tenant: Goosehead Insurance

Jonathon Connor and Jason Simon represented ownership, a joint venture formed by Farpoint Development and Greco/DeRosa Investment Group. Goosehead Insurance, a personal lines insurance agency based in Dallas, was represented by Andrew Kaplan and Ryan Buchanan of CBRE.

Players

Ryan Buchanan

CBRE

Broker

7 deals

Broker
MG
MW Investment GroupLandlord
GI
Goosehead InsuranceTenant

Rosemont 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