MAPT Properties, LLC Acquires Medical Office In Hoffman Estates For 5,100 SF
1260 W Higgins Rd, Hoffman Estates...
Building Size
5,100 SF
Asset Type
Medical Office
Closing
Jun 25, 2019
AI
The property involved in the transaction is a 5,100-square-foot medical office building situated on 0.93 acres at 1260 W. Higgins Road in Hoffman Estates, Illinois. The building, a former Urgent Care Center, underwent renovations in 2015 and offers ample parking with over 70 spaces available.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not specified
- Address: 1260 W Higgins Rd, Hoffman Estates
- Market: Hoffman Estates
- Seller's Rep: Randy Olczyk(Chicagoland Commercial Real Estate), Ray Okigawa(Chicagoland Commercial Real Estate)
- Buyer: MAPT Properties, LLC
- Seller: S & L Real Estate Properties, LLC
- Square Footage: 5100
The sale of the medical office building at 1260 W. Higgins Road was facilitated by Randy Olczyk and Ray Okigawa from Chicagoland Commercial Real Estate, representing the seller, S & L Real Estate Properties, LLC. On the buyer's side, MAPT Properties, LLC was represented by Joe Priola from National Realty Advisors in the acquisition.
Players
Hoffman Estates Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale 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