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

Property Image
SOLD
$13,000,000

Illinois

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Office270,000 SF
Sold 05/02/2022
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Property Image
SOLD

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

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

See Similar Deals
Office270,000 SF
Sold 05/02/2022
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$48
Total Square Footage:270,000 SF
Transaction Type:Sale

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

2 deals$37M volume
SELLER

2 deals$14.6M volume
SELLER

Details

SOLD
IMAGE: Arthur J. Gallagher DATE: 05/02/2022 ADDRESS: 2550 West Golf Road MARKET: Rolling Meadows ASSET TYPE: Office BUYER: Arthur J. Gallagher & Co. (@Gallagher_LevineInfo) - Arthur J. Gallagher SELLER: Marc Realty (@MarcRealtyOfficial) - Gerald Nudo & Larry Weiner SALE PRICE: $13,000,000 SF: 270,000 ~ PPSF: $48

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
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