Zishan Alvi Of Sky High Real Estate Facilitates $2.4M Sale Of Medical Office Lacated In Hoffman Estates
SOLD
$2,400,000
Illinois
See Similar DealsMedical Office20,500 SF
SOLD
Zishan Alvi Of Sky High Real Estate Facilitates $2.4M Sale Of Medical Office Lacated In Hoffman Estates
2260 W Higgins Rd, Hoffman Estates...
See Similar DealsMedical Office20,500 SF
Summary
ILLINOIS
Asset Type:Medical Office
Price Per Square Foot:$117
Total Square Footage:20,500 SF
Transaction Type:Sale
The 20,500-square-foot medical office building known as Governor’s Plaza in Hoffman Estates has been sold for $2.4 million. The property, located at 2260 W. Higgins Road, was 60 percent occupied at the time of sale.
Summary of transation details:
- Property Type: Medical Office
- Transaction Amount: $2,400,000.00
- Market: Hoffman Estates
- Buyer's Rep: Zishan Alvi(Sky High Real Estate)
- Seller: Unknown
- SF: 20,500
Olivia Czyzynski and Jennifer Hopkins of SVN represented the out-of-state seller in the transaction, while Zishan Alvi of Sky High Real Estate represented the undisclosed buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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