Unknown Buyer Acquires Property From Clear Height Properties For $2.7 Million With Kelly Joyce As Buyer's Rep
SOLD
$2,700,000
+ 1
Illinois
See Similar DealsOffice43,800 SF
SOLD
Unknown Buyer Acquires Property From Clear Height Properties For $2.7 Million With Kelly Joyce As Buyer's Rep
1000 E State Pkwy, Schaumburg, IL, 6...
See Similar DealsOffice43,800 SF
+ 1
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$61
Total Square Footage:43,800 SF
Transaction Type:Sale
A 43,800-square-foot office building located at 1000 E. State Parkway in Schaumburg has been sold for $2,700,000. The property is fully leased and is situated within the Woodfield Business Center in the Schaumburg market.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $2,700,000.00
- Buyer: Unknown
- Seller: Clear Height Properties
- Buyer's Representative: Kelly Joyce-Colliers International
- Seller's Representatives: Alissa Adler-Colliers International, John Homsher-Colliers International
Podolsky Circle CORFAC International facilitated the transaction, representing the seller, Clear Height Properties, in the sale of the office building. The deal involved a private investor as the buyer, who was represented by Kelly Joyce from Colliers International.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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