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Hoffman Estates, Illinois, ...

Updated Oct 28, 2024

Clear Height Properties And Buligo Capital Partners Acquire Industrial Properties In Hoffman Estates, Schaumburg, Aurora & Bloomingdale For $32.5M
SOLDIndustrial

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

BI
Buligo Capital Partners, Inc.Buyer

Hoffman Estates Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $122 per square foot on a published $32.5M for 265,000 square feet (2022).

Browse Illinois industrial sales on Traded.

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

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