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.
Hoffman Estates Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
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