MS Holdings Acquires Office Buildings In Naperville, IL For $13.75M
1560 Wall Street, Naperville, IL, USA
$13,750,000
$133/SF
Building Size
103,138 SF
Asset Type
Office
Closing
Jan 19, 2021
AI
Three office properties located at 1560 Wall Street, 1548 Bond Street, and 1979 Mill Street in Naperville, IL have been sold in a recent transaction. The buyer, MS Holdings, acquired the properties from DynaCom Management for a sale price of $13,750,000. The total square footage of the properties is 103,138, resulting in a price per square foot of $133.
Summary of transation details
- Property Type: Office
- Transaction Amount: $13,750,000
- Address: 1560 Wall Street, 1548 Bond Street, & 1979 Mill Street
- Market: Naperville, IL
- Buyer: MS Holdings
- Seller: DynaCom Management
The deal was facilitated by brokers Jason St. John and Paul Tesdal from Greenstone Partners, who represented the buyer and seller respectively.
Players
Naperville 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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93