Updated Oct 28, 2024
Clear Height Properties And Buligo Capital Partners Acquire Industrial Properties In Hoffman Estates, Schaumburg, Aurora & Bloomingdale For $32.5M
Hoffman Estates, Illinois, United States
$32,500,000
$122/SF
Building Size
265,000 SF
Asset Type
Industrial
Closing
Feb 13, 2022
About this deal
AI
Clear Height Properties and Buligo Capital Partners have acquired an industrial property located in Hoffman Estates, Schaumburg, Aurora, and Bloomingdale. The property, sold by Green Door Capital, was purchased for a price of $32,500,000. The industrial asset spans a total area of 265,000 square feet, resulting in a price per square foot of $123.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $32,500,000
- Address: Industrial Properties
- Market: Hoffman Estates, Schaumburg, Aurora, and Bloomingdale
- Buyer: Clear Height Properties - Gary Rose & Buligo Capital Partners
- Seller: Green Door Capital
- Square Footage: 265,000 SF
- Price per Square Foot: $123
Clear Height Properties, represented by Gary Rose, and Buligo Capital Partners were the major players in this transaction. The acquisition by these companies signifies their interest in investing in the industrial market in Hoffman Estates, Schaumburg, Aurora, and Bloomingdale.
Players
Hoffman Estates Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93