Updated Sep 5, 2024
Zishan Alvi Of Sky High Real Estate Facilitates $2.4M Sale Of Medical Office Lacated In Hoffman Estates
2260 W Higgins Rd, Hoffman Estates...
$2,400,000
$117/SF
Building Size
20,500 SF
Asset Type
Medical Office
Closing
Nov 22, 2023
About this deal
AI
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.
Hoffman Estates Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Sky High Real Estate to view all their deals.
Browse Illinois medical office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93