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110 W Hillcrest BLVD, Schau...

Aboretta LLC Acquires Office Property On W Hillcrest Blvd, Schaumburg, IL
SOLDOffice

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:

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

Rick Anesiv

Lee & Associates

Broker

$1.3M

vol

9 deals

Broker

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