Marcus & Millichap Facilitates $3M Office Sale In Plainfield's Renwick Road
SOLD
$3,000,000
Illinois
See Similar DealsOffice20 SF
SOLD
Marcus & Millichap Facilitates $3M Office Sale In Plainfield's Renwick Road
23909 W Renwick Rd, Plainfield, Illinois 60586, United States
See Similar DealsOffice20 SF
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$150,000
Total Square Footage:20 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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