National Life Insurance Company Sells Special Purpose Property In Lincolnshire, IL For $1.9M
200 Barclay Boulevard, Lincolnshire, Illinois 60069, United States
$1,900,000
$184/SF
Building Size
10,300 SF
Asset Type
—
Closing
Oct 19, 2022
AI
The special purpose property located at 200 Barclay Blvd in Lincolnshire, IL has been sold in a recent transaction. The property spans 10,300 square feet and was sold at a price of $1,900,000, resulting in a price per square foot of $184. The seller of this property was National Life Insurance Company, and the transaction was facilitated by brokers Patrick J. Forkin and Vivian Perez from Baum Realty Group.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $1,900,000
- Square Footage: 10,300
- Price per Square Foot: $184
- Address: 200 Barclay Blvd, Lincolnshire, IL
- Seller: National Life Insurance Company
- Brokers: Patrick J. Forkin & Vivian Perez - Baum Realty Group
The involvement of Patrick J. Forkin and Vivian Perez from Baum Realty Group played a key role in completing this transaction. Their expertise and representation were instrumental in finalizing the deal between the seller, National Life Insurance Company, and the buyer.
Players
Lincolnshire CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93