Franklin Street Properties Sells Office Property In Elk Grove Village For $29.1M
50 Northwest Point Road
$29,100,000
$164/SF
Building Size
177,000 SF
Asset Type
Office
Closing
Mar 23, 2023
About this deal
AI
The office property located at 50 Northwest Point Boulevard in Elk Grove Village has been sold for a total price of $29,100,000. The transaction took place on March 23, 2023. The property measures 177,000 square feet and has a price per square foot of $164. The seller of the property was Franklin Street Properties, represented by George Carter.
Summary of transation details
- Property Type: Office
- Transaction Amount: $29,100,000
- Square Footage: 177,000
- Price Per Square Foot: $164
- Address: 50 Northwest Point Boulevard, Elk Grove Village
- Market: Elk Grove Village
The deal was facilitated by George Carter from Franklin Street Properties. He represented the seller in the transaction. The property, situated on 10 acres of land, offers a valuable investment opportunity in the Elk Grove Village market.
On the Map
$29,100,000
$164/SF
Office
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Elk Grove Village 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93