Bridge Investment Group Acquires Property At 10255 W Higgins Rd Des Plaines For $64M With Seller's Rep Bryan Rosenberg
10255 W Higgins Rd, Des Plaines, IL...
$64,000,000
$123/SF
Building Size
518,000 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 10255 W Higgins Rd, Des Plaines, IL within the Rosemont market. It was sold for a total price of $64,000,000.00 and encompasses a total square footage of 518,000.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $64,000,000.00
- Address: 10255 W Higgins Rd, Des Plaines, IL
- Market: Rosemont
- Square Footage: 518,000
- Seller's Representative: Bryan Rosenberg - Eastdil Secured
- Buyer: Bridge Investment Group
The deal features key individuals and entities, with Bryan Rosenberg representing the seller in this transaction on behalf of Eastdil Secured, while the buyer is Bridge Investment Group.
On the Map
$64,000,000
$123/SF
Office
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Players
Rosemont 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93