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...
$2,700,000
$61/SF
Building Size
43,800 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
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
Schaumburg Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93