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
Rolling Meadows 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93