Heidner Property Inc. Acquires Property From Renishaw Inc. For $3.2M In Hoffman Estates
SOLD
$3,200,000
Illinois
See Similar DealsOffice37,500 SF
Sold 06/13/2017
SOLD
Heidner Property Inc. Acquires Property From Renishaw Inc. For $3.2M In Hoffman Estates
5277 Trillium BLVD, Hoffman Estates...
See Similar DealsOffice37,500 SF
Sold 06/13/2017
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$85
Total Square Footage:37,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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