601W Acquires Office Building In Naperville For $24M
1350 East Ogden Avenue, Naperville, Illinois 60563, United States
$24,000,000
$243/SF
Building Size
98,446 SF
Asset Type
Office
Closing
May 31, 2022
About this deal
AI
1350 East Ogden Avenue, located in Naperville, has been sold in a recent transaction. This office property, marketed by Michael Zaransky, was sold for a total price of $24,000,000. The property consists of 112 units and the price per unit is $214,286.
Summary of transation details
- Property Type: Office
- Transaction Amount: $24,000,000
- Address: 1350 East Ogden Avenue
- Market: Naperville
- Asset Type: Office
The buyer in this transaction is 601W, while the seller is Michael Zaransky, representing MZ Capital Partners. The broker involved in the deal is JLL.
Players
Naperville 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93