Adam Fortino - Marcus & Millichap Sells Plainfield Office For $1.8M
24020 West Riverwalk Court, Plainfield, IL, USA
$1,855,306
$282/SF
Building Size
6,558 SF
Asset Type
Office
Closing
Nov 1, 2020
About this deal
AI
A closed property sale transaction took place in Plainfield with an office building located at 24020 West Riverwalk Court. The property spans 6,558 square feet and was sold for a price of $1,855,306, resulting in a price per square foot of $283.
Summary of transation details
- Property Type: Office
- Transaction Amount: $1,855,306
- Address: 24020 West Riverwalk Court
- Market: Plainfield
Adam Fortino from Marcus & Millichap played a role as the broker in this transaction.
The office sale at 24020 West Riverwalk Court, Plainfield, IL, USA in Plainfield, Illinois sold for $1.9M in 2020. The building is 6,558 square feet, implying about 282 per square foot on the published price. Adam Fortino, KW Commercial, Marcus & Millichap appear on the sale alongside KW Commercial, Marcus & Millichap. This page is the Plainfield, Illinois file for the 24020 West Riverwalk Court, Plainfield, IL, USA office sold: pricing, party profiles, and other closed office comps from the same Plainfield sit in the Market section below. Filter that Plainfield office set by closing date to see what else sold near 24020 West Riverwalk Court, Plainfield, IL, USA around 2020. Published consideration for 24020 West Riverwalk Court, Plainfield, IL, USA is $1.9M, dated 2020. Cite this Adam Fortino - Marcus & Millichap Sells Plainfield Office For $1.8M sale when underwriting similar office product around Plainfield, Illinois.
Players
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
8.55%
Cash-on-Cash
-2.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93