Edgar Cervantes & Jason Shibata Acquire Office Building In Schaumburg For $2.2M
SOLD
$2,200,000
Illinois
See Similar DealsOffice34,805 SF
Sold 06/17/2022
SOLD
Edgar Cervantes & Jason Shibata Acquire Office Building In Schaumburg For $2.2M
200 West Higgins Road, Schaumburg, Illinois 60195, United States
See Similar DealsOffice34,805 SF
Sold 06/17/2022
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$63
Total Square Footage:34,805 SF
Transaction Type:Sale
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:
- Property Type: Office
- Transaction Amount: $2,200,000
- Address: 200 W Higgins Rd, Schaumburg
- Date: June 17, 2022
- Market: Schaumburg
- Buyer's Representative: Edgar Cervantes & Jason Shibata - JBS Commercial Real Estate
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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