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2260 W Higgins Rd, Hoffman ...

Zishan Alvi Of Sky High Real Estate Facilitates $2.4M Sale Of Medical Office Lacated In Hoffman Estates
SOLDMedical Office

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

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.

Players

Zishan Alvi

Sky High Real Estate

Broker

$2.4M

vol

1 deal

Broker

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

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93