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23909 W Renwick Rd, Plainfi...

Marcus & Millichap Facilitates $3M Office Sale In Plainfield's Renwick Road
SOLDOffice

Marcus & Millichap Facilitates $3M Office Sale In Plainfield's Renwick Road

23909 W Renwick Rd, Plainfield, Illinois 60586, United States

$3,000,000

$150,000/SF

Building Size

20 SF

Asset Type

Office

Closing

Apr 17, 2023

AI

Located at 23909 W. Renwick Rd in Plainfield, this office property was recently sold for $3,000,000. The transaction took place on January 25, 2023. The property spans a total area of 20,281 square feet with a price per square foot of $148. Tammy A. Saia and Tami Andrew from Marcus & Millichap represented the buyers and sellers in this deal.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $3,000,000
  • Address: 23909 W. Renwick Rd, Plainfield
  • Market: Plainfield

Tammy A. Saia and Tami Andrew of Marcus & Millichap played key roles as the brokers representing the parties involved in this office property sale. Their expertise effectively facilitated the transaction, ensuring a successful outcome for all parties.

Players

Tammy Saia

Marcus & Millichap

Broker

$25.9M

vol

10 deals

Broker

Plainfield 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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93