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
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