Crown Heights Realty Acquires Skokie Office Building For $1.5M
SOLD
$1,495,000
Illinois
See Similar DealsOffice18,268 SF
Sold 08/02/2020
SOLD
Crown Heights Realty Acquires Skokie Office Building For $1.5M
5454 Fargo Avenue, Skokie, IL, USA
See Similar DealsOffice18,268 SF
Sold 08/02/2020
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$81
Total Square Footage:18,268 SF
Transaction Type:Sale
An office property located at 5454 Fargo St in Skokie, IL has been sold. The transaction took place on 08/02/2021. The property, spanning 18,268 square feet, was sold for $1,495,000, resulting in a price per square foot of $82.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,495,000
- Address: 5454 Fargo St, Skokie, IL
- Date: 08/02/2021
- Square Footage: 18,268
- Price Per Square Foot: $82
The seller's representatives, MJ Weinberger and Adam Schneiderman from Strauss Realty, facilitated the sale. On the buyer's side, Andrew Glatz from Crown Heights Realty represented the purchasing party.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,311.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,087.06
Annual Debt Service$85,044.75
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