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980 Barrington Road Streamwood

Burlington Leases 22,104 SF At 980 S. Barrington Road In Streamwood
LEASEDRetail

Burlington Leases 22,104 SF At 980 S. Barrington Road In Streamwood

Building Size

22,104 SF

Asset Type

Retail

Closing

Jan 15, 2024

AI

Burlington has leased 22,104 square feet at 980 S. Barrington Road in Streamwood, Chicago. The lease agreement has achieved full occupancy for the previously vacant 81,000-square-foot building in Westview Center.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not available
  • Property Size: 22,104 square feet
  • Address: 980 South Barrington Road, Streamwood, Chicago
  • Market: Streamwood

The landlord, Diehl LLC, and the tenant, Michael O'Sullivan, have agreed on the lease. Joe Parrott and Sean McCourt from CBRE represented the ownership, Diehl LLC, in this transaction.

Players

Sean McCourt

CBRE

Broker

$2.7M

vol

2 deals

Broker
Michael Sullivan

Michael Sullivan

Burlington

Tenant

$73.4M

vol

4 deals

Tenant

Market Retail Market Snapshot

Boundary boundary · Retail · 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