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5277 Trillium BLVD, Hoffman...

Heidner Property Inc. Acquires Property From Renishaw Inc. For $3.2M In Hoffman Estates
SOLDOffice

Heidner Property Inc. Acquires Property From Renishaw Inc. For $3.2M In Hoffman Estates

5277 Trillium BLVD, Hoffman Estates...

$3,200,000

$85/SF

Building Size

37,500 SF

Asset Type

Office

Closing

Jun 13, 2017

AI

The property involved in this transaction is a 37,500-square-foot office building located at 5277 Trillium Blvd, Hoffman Estates, Illinois. The sale price for the building was $3,200,000. The deal is situated in the Hoffman Estates market.

Summary of transaction details:

  • Property Type: Office Building
  • Transaction Amount: $3,200,000
  • Address: 5277 Trillium Blvd, Hoffman Estates, Ill.
  • Seller: Renishaw Inc.
  • Buyer: Heidner Property Inc.
  • Seller's Representatives: Jason Talanian (Glennwood Commercial Realty), Jason Wurtz (NAI Capital)

NAI Hiffman facilitated the deal with Senior Vice Presidents Jason Wurtz and Jack Reardon, alongside Jason Talanian, representing the seller. Heidner Property Inc. made this acquisition as a result of expanding its operations, having previously operated from a 5,150-square-foot office space in Glendale Heights, Illinois.

Players

Jason Wurtz

NAI Global

Broker

$10.6M

vol

4 deals

Broker

Hoffman Estates 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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93