Greenstone Partners Sells Office Property In Homewood, IL For $4.4M
1055 175th Street
$4,400,000
$78/SF
Building Size
56,000 SF
Asset Type
Office
Closing
Oct 12, 2022
About this deal
AI
The office property located at 1055 175th St in Homewood, IL has been sold for a total price of $4,400,000. The property spans 56,000 square feet, resulting in a price per square foot of $79.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,400,000
- Square Footage: 56,000
- Price per Square Foot: $79
- Address: 1055 175th St, Homewood, IL
- Broker: Malek Abdulsamad - Greenstone Partners
Malek Abdulsamad from Greenstone Partners represented the parties involved in this transaction.
The office sale at 1055 175th Street in Homewood, Illinois sold for $4.4M in 2022. The building is 56,000 square feet, implying about 78 per square foot on the published price. Malek Abdulsamad, Greenstone Partners appear on the sale alongside Greenstone Partners. This page is the Homewood, Illinois file for the 1055 175th Street office sold: pricing, party profiles, and other closed office comps from the same Homewood sit in the Market section below. Filter that Homewood office set by closing date to see what else sold near 1055 175th Street around 2022. Published consideration for 1055 175th Street is $4.4M, dated 2022. Cite this Greenstone Partners Sells Office Property In Homewood, IL For $4.4M sale when underwriting similar office product around Homewood, Illinois.
Homewood 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93