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Out-of-State Group Buys Carol Stream Office Building For $1.4M
SOLD
$1,400,000
Illinois
See Similar DealsOffice34,536 SF
Sold 06/27/2024
SOLD
Out-of-State Group Buys Carol Stream Office Building For $1.4M
455 Kehoe Boulevard
See Similar DealsOffice34,536 SF
Sold 06/27/2024
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$40
Total Square Footage:34,536 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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