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:
- 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.
Players
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