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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Deal FAQ
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