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
About this deal
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.
On the Map
$36,000,000
$202/SF
Office
View full map
Players
Skokie Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Roni Soffer to view all their deals.
Browse Illinois office sales on Traded.
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