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1560 Wall Street, Napervill...

MS Holdings Acquires Office Buildings In Naperville, IL For $13.75M
SOLDOffice

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

Jason St. John

Greenstone Partners

Broker

$200.7M

vol

26 deals

Broker

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

1.15%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93