IndusPAD Acquires Office Building In Schaumburg For $54M
1500 McConnor Pkwy. Schaumburg, IL 60173, USA
$54,000,000
$110,204/SF
Building Size
490 SF
Asset Type
Office
Closing
Jan 24, 2023
About this deal
AI
The office property located at 1500 McConnor Parkway in Schaumburg has been sold in a recent transaction. The property spans 490,000 square feet and is categorized as an office asset. The sale took place on January 24, 2023.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $54,000,000
- Market: Schaumburg
- Buyer: IndusPAD - Jitender & Purnima Makkar
- Seller: Bridge Investment Group - Jonathan Slager
IndusPAD, represented by Jitender & Purnima Makkar, acquired the property from Bridge Investment Group, represented by Jonathan Slager. The price per square foot for this transaction was calculated to be $110.
On the Map
$54,000,000
$110,204/SF
Office
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Players
Schaumburg 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93