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200 West Higgins Road, Scha...

Edgar Cervantes & Jason Shibata Acquire Office Building In Schaumburg For $2.2M
SOLDOffice

Edgar Cervantes & Jason Shibata Acquire Office Building In Schaumburg For $2.2M

200 West Higgins Road, Schaumburg, Illinois 60195, United States

$2,200,000

$63/SF

Building Size

34,805 SF

Asset Type

Office

Closing

Jun 16, 2022

AI

Located at 200 W Higgins Rd in Schaumburg, this office property was recently sold for $2,200,000. The transaction took place on June 17, 2022. Spanning a total area of 34,805 square feet, the property was bought by an undisclosed buyer. The sale price per square foot was $63.

Summary of transaction details:

The buyer's representation in this deal was provided by Edgar Cervantes and Jason Shibata of JBS Commercial Real Estate. They facilitated the transaction and ensured a successful sale.

Players

Edgar Cervantes

JBS Commercial Real Estate

Broker

$2.2M

vol

1 deal

Broker

Schaumburg 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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93