Marcus & Millichap Sells Oakbrook Terrace Office For $3.73M
1S443 Summit Avenue, Oakbrook Terrace, IL, USA
$3,730,000
$124/SF
Building Size
29,983 SF
Asset Type
Office
Closing
Nov 29, 2020
AI
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.
Players
Villa Park 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
4.25%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93