Goosehead Insurance Leases 17887 Square Feet At 6300 N River Rd Des Plaines IL
6300 N River Rd, Des Plaines, IL, 60018
Building Size
17,887 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in the transaction is located at 6300 N River Rd, Des Plaines, IL, within the Rosemont market. It encompasses a total area of 17,887 square feet within a 130,000-square-foot, seven-story office building that includes amenities such as a fitness center, onsite café, lounge, conference center, Zen garden, and golf simulator.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 17,887
- Address: 6300 N River Rd, Des Plaines, IL, 60018
- Market: Rosemont
- Landlord: Greco/DeRosa Investment Group
- Landlord's Representative: Jonathon Connor, Colliers International
- Tenant: Goosehead Insurance
Jonathon Connor and Jason Simon represented ownership, a joint venture formed by Farpoint Development and Greco/DeRosa Investment Group. Goosehead Insurance, a personal lines insurance agency based in Dallas, was represented by Andrew Kaplan and Ryan Buchanan of CBRE.
Players
Rosemont Office Market Snapshot
Boundary boundary · Office · Lease 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