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4901 Searle Parkway, Skokie...

TopMed Realty Acquires Skokie Office Building For $36M
SOLDOffice

TopMed Realty Acquires Skokie Office Building For $36M

4901 Searle Parkway, Skokie, IL 60077, USA

$36,000,000

$202/SF

Building Size

178,000 SF

Asset Type

Office

Closing

Nov 19, 2021

AI

TopMed Realty has acquired an office property located at 4901 Searle Parkway in Skokie. The transaction, which took place on November 19, 2021, was valued at $36,000,000. The office building spans 178,000 square feet, resulting in a price per square foot of $202. Roni Soffer provided the image for the sale.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $36,000,000
  • Address: 4901 Searle Parkway, Skokie
  • Market: Skokie
  • Image: Roni Soffer
  • Square Footage: 178,000
  • Price per Square Foot: $202

TopMed Realty, represented by Roni Soffer, successfully completed the acquisition of the office property in Skokie. This deal highlights the company's strategic investment in the Skokie market and reinforces their position in the commercial real estate sector.

Players

Roni Soffer

Buyer

$61M

vol

2 deals

Buyer

Skokie 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

0.44%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93