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953 American Ln, Schaumburg...

Wistron Mobile Solutions Leases 14,891 SF Office Space In Schaumburg, IL
LEASEDOffice

Wistron Mobile Solutions Leases 14,891 SF Office Space In Schaumburg, IL

953 American Ln, Schaumburg, IL, 60...

Building Size

14,891 SF

Asset Type

Office

Closing

Apr 23, 2019

AI

Located at 953 American Lane in Schaumburg, Illinois, the property involved in this lease transaction is an office space spanning 14,891 square feet. The tenant, Wistron Mobile Solutions Corporation, secured this space for their operations. The building is represented by Group Administrators, LTD, and remains with a 6,246 square feet sublease space available for potential tenants. The office space offers three private offices, two large conference rooms, and an open area with 34 cubicles.

Summary of transaction details:

Palatine, Illinois-based Chicagoland Commercial Real Estate played a significant role in facilitating this lease transaction. President Randy Olczyk and Senior Vice President Ray Okigawa represented Wistron Mobile Solutions Corporation, ensuring a smooth process for the international company to secure the office space. Meanwhile, Brian Borkan of BKB Commercial represented the sub-lessee, Group Administrators, LTD. With one sublease space still available within the building, opportunities exist for businesses looking to benefit from the fully equipped office space.

Players

Randy Olczyk

Chicagoland Commercial Real Estate

Broker

$2.9M

vol

14 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