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200 Barclay Boulevard, Linc...

National Life Insurance Company Sells Special Purpose Property In Lincolnshire, IL For $1.9M
SOLD

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

Patrick Forkin

Matthews

Broker

$66.7M

vol

8 deals

Broker

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