Aboretta LLC Acquires Office Property On W Hillcrest Blvd, Schaumburg, IL
110 W Hillcrest BLVD, Schaumburg, IL...
Building Size
17,700 SF
Asset Type
Office
Closing
Jun 7, 2019
AI
The property asset involved in the transaction is a 17,700-square-foot office building located at 110 W Hillcrest Boulevard, Schaumburg, IL, in the Schaumburg market. The transaction was facilitated by industry professionals representing the buyer and seller.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Unknown
- Address: 110 W Hillcrest BLVD, Schaumburg, IL
- Buyer: Aboretta LLC
- Seller: Unknown
- Buyer’s Representatives: Matthew Baumann, Stuart Eng - Crosstown Real Estate Advisors
- Seller’s Representative: Rick Anesiv - Lee & Associates
- Square Footage: 17700
Rick Anesi, vice president of Lee & Associates, represented the seller in this transaction. In addition, Stuart Eng and Matthew Baumann from Crosstown Real Estate Advisors acted on behalf of the buyer, Aboretta LLC, which is confirmed to be a Montessori school. The transaction highlights the collaborative efforts of the brokers in managing the interests of both parties involved.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93