IndusPAD Acquires Office Building In Schaumburg For $54M
SOLD
$54,000,000
Illinois
See Similar DealsOffice490 SF
Sold 01/24/2023
SOLD
IndusPAD Acquires Office Building In Schaumburg For $54M
1500 McConnor Pkwy. Schaumburg, IL 60173, USA
See Similar DealsOffice490 SF
Sold 01/24/2023
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$110,204
Total Square Footage:490 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,880,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$191,850.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$255,987.55
Annual Debt Service$3,071,850.59
Is there something missing? Send suggestions