Adam Fortino - Marcus & Millichap Sells Plainfield Office For $1.8M
SOLD
$1,855,306
Illinois
See Similar DealsOffice6,558 SF
Sold 11/02/2020
SOLD
Adam Fortino - Marcus & Millichap Sells Plainfield Office For $1.8M
24020 West Riverwalk Court, Plainfield, IL, USA
See Similar DealsOffice6,558 SF
Sold 11/02/2020
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$282
Total Square Footage:6,558 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,949.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,591.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,795.10
Annual Debt Service$105,541.16
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