Illinois Health & Human Services Office Sold In Springfield For $1.1M&
1001 North Walnut Street
$1,095,000
$76/SF
Building Size
14,350 SF
Asset Type
Office
Closing
Oct 25, 2023
AI
Illinois Health & Human Services, a 14,350-square-foot office property located at 1001 North Walnut Street in Springfield, was recently sold for $1,095,000. The property is fully occupied by the State of Illinois and was listed by Tammy A. Saia and Tami Andrew of Marcus & Millichap. The sale was completed by a Texas-based group.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,095,000
- Address: 1001 North Walnut Street, Springfield
- Market: Springfield
The brokers representing the transaction were Tami Andrew and Tammy Saia from Marcus & Millichap. They played a crucial role in facilitating the sale of this fully-occupied office property. The private investor, represented by Saia and Andrew, successfully closed the deal with the Texas-based group.
Players
Springfield 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
14.49%
Cash-on-Cash
-4.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93