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112 E Northwest Hwy, Mount ...

Updated Oct 29, 2024

MP2 Holdings LLC Acquires Office Property In Mount Prospect, IL For $2M
SOLDOffice

MP2 Holdings LLC Acquires Office Property In Mount Prospect, IL For $2M

112 E Northwest Hwy, Mount Prospect, Illinois 60056, United States

$2,000,000

Building Size

Asset Type

Office

Closing

Oct 12, 2022

About this deal

AI

MP2 Holdings LLC has entered into a contract to purchase an office property located at 112 E. Northwest Hwy in Mount Prospect, IL. The transaction, with a price of $2,000,000, involves the sale of the property by Jawad Rabi representing ZRM Enterprises.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,000,000
  • Date: 10/12/2022
  • Address: 112 E. Northwest Hwy, Mount Prospect, IL
  • Buyer: MP2 Holdings LLC
  • Seller: Jawad Rabi - ZRM Enterprises

The deal's completion is imminent, marking a significant step for MP2 Holdings LLC in expanding its portfolio. Jawad Rabi, representing ZRM Enterprises, has successfully negotiated the sale of the office property. The specific square footage and market value of the property are not disclosed in the available information.

Players

Mount Prospect 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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