Franklin Street Properties Sells Office Property In Elk Grove Village For $29.1M
SOLD
$29,100,000
Illinois
See Similar DealsOffice177,000 SF
Sold 03/23/2023
SOLD
Franklin Street Properties Sells Office Property In Elk Grove Village For $29.1M
50 Northwest Point Road
See Similar DealsOffice177,000 SF
Sold 03/23/2023
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$164
Total Square Footage:177,000 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,552,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$103,386.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$137,948.85
Annual Debt Service$1,655,386.15
Is there something missing? Send suggestions