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2550 Golf Road, Rolling Mea...

Arthur J. Gallagher Acquires Rolling Meadows Office Building For $13M
SOLDOffice

Arthur J. Gallagher Acquires Rolling Meadows Office Building For $13M

2550 Golf Road, Rolling Meadows, Illinois 60008, United States

$13,000,000

$48/SF

Building Size

270,000 SF

Asset Type

Office

Closing

May 1, 2022

AI

2550 West Golf Road in Rolling Meadows has been sold for a total of $13,000,000. This office property spans approximately 270,000 square feet, resulting in a price per square foot of $48. The transaction took place on May 2, 2022, and was made between Arthur J. Gallagher & Co., represented by Arthur J. Gallagher, as the buyer, and Marc Realty, represented by Gerald Nudo & Larry Weiner, as the seller.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $13,000,000
  • Address: 2550 West Golf Road, Rolling Meadows
  • Market: Rolling Meadows
  • Square Footage: 270,000
  • Price per Square Foot: $48
  • Buyer: Arthur J. Gallagher & Co. - Arthur J. Gallagher
  • Seller: Marc Realty - Gerald Nudo & Larry Weiner

Arthur J. Gallagher & Co., represented by Arthur J. Gallagher, acquired the office property located at 2550 West Golf Road in Rolling Meadows from Marc Realty, represented by Gerald Nudo & Larry Weiner. This transaction involved a sales price of $13,000,000 for a total area of 270,000 square feet, resulting in a price per square foot of $48.

Players

Gerald Nudo

Marc Realty

Seller

$37M

vol

2 deals

Seller

Rolling Meadows Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93