Marcus & Millichap Sells Oakbrook Terrace Office For $3.73M
SOLD
$3,730,000
Illinois
See Similar DealsOffice29,983 SF
Sold
SOLD
Marcus & Millichap Sells Oakbrook Terrace Office For $3.73M
1S443 Summit Avenue, Oakbrook Terrace, IL, USA
See Similar DealsOffice29,983 SF
Sold
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$124
Total Square Footage:29983 SF
Transaction Type:Sale
A commercial office property located at 1S443 Summit Avenue in Oakbrook Terrace was recently sold for $3,730,000. The property has a total area of 29,983 square feet, resulting in a price per square foot of $124. The sale was completed on November 30, 2020.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,730,000
- Address: 1S443 Summit Avenue, Oakbrook Terrace
- Market: Oakbrook Terrace
The sale of this office property was facilitated by Mitchell Kiven and Brian Parmacek from the Marcus & Millichap brokerage. They represented the parties involved in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$198,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,251.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,682.10
Annual Debt Service$212,185.24
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