facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Office

/

Sale

/

1186 Roosevelt Rd, Glen Ell...

Jameson, LLC Acquires Glen Ellyn Office Building From Atlanta Illinois Limited Partnership
SOLDOffice

Jameson, LLC Acquires Glen Ellyn Office Building From Atlanta Illinois Limited Partnership

1186 Roosevelt Rd, Glen Ellyn, IL 60137

$1,050,000

$276/SF

Building Size

3,805 SF

Asset Type

Office

Closing

Mar 7, 2022

AI

An office property located at 1186 W Roosevelt Rd in Glen Ellyn has been sold for $1,050,000. The single-tenant vacant medical office building spans 3,805 square feet, resulting in a price per square foot of $276. The transaction took place on March 8, 2022, and involved the buyer Jameson, LLC and the seller Atlanta Illinois Limited Partnership. The sale was facilitated by broker Randolph Taylor of Marcus & Millichap.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,050,000
  • Square Footage: 3,805
  • Price per Square Foot: $276
  • Address: 1186 W Roosevelt Rd
  • Market: Glen Ellyn

Randolph Taylor, a representative from Marcus & Millichap, acted on behalf of the seller in the transaction. For inquiries, Randolph Taylor can be reached at (630) 474-6441 or [email protected].

Players

Randolph Taylor

EXP Realty

Broker

$25.8M

vol

9 deals

Broker

Glen Ellyn Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93