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5454 Fargo Avenue, Skokie, ...

Crown Heights Realty Acquires Skokie Office Building For $1.5M
SOLDOffice

Crown Heights Realty Acquires Skokie Office Building For $1.5M

5454 Fargo Avenue, Skokie, IL, USA

$1,495,000

$81/SF

Building Size

18,268 SF

Asset Type

Office

Closing

Aug 2, 2020

AI

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.

Players

Andrew Glatz

Broker

$1.5M

vol

1 deal

Broker

Skokie 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

10.61%

Cash-on-Cash

-3.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93