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
About this deal
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].
On the Map
$1,050,000
$276/SF
Office
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Players
Glen Ellyn 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93