Out-of-State Group Buys Carol Stream Office Building For $1.4M
455 Kehoe Boulevard
$1,400,000
$40/SF
Building Size
34,536 SF
Asset Type
Office
Closing
Jun 27, 2024
About this deal
AI
The property involved in the transaction is a 34,536 sq. ft. Class-C office building located at 455 Kehoe Boulevard in Carol Stream, Illinois. The sale price for this asset was $1,400,000, resulting in a price per square foot of $41.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,400,000
- Address: 455 Kehoe Boulevard
- Market: Carol Stream
- Brokers: Caitlin Crawford, Jennifer Hopkins & Olivia Czyzynski - SVN | Chicago Commercial
The deal was facilitated by Caitlin Crawford, Jennifer Hopkins, and Olivia Czyzynski from SVN | Chicago Commercial. An out-of-state investment group purchased the property with the intention of leasing it as office and flex office spaces, catering to the demand for versatile commercial real estate solutions in the market.
On the Map
$1,400,000
$40/SF
Office
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Players
Carol Stream 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93