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
About this deal
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.
On the Map
$1,495,000
$81/SF
Office
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Players
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