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
About this deal
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