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
About this deal
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.
On the Map
$3,200,000
$85/SF
Office
View full map
Players
Hoffman Estates Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Jason Wurtz 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93