FCA Purchases Mount Prospect Property At 585 Slawin Ct For $4.2M With John Abuja's Representation
SOLD
$4,200,000
Illinois
See Similar DealsOffice38,793 SF
SOLD
FCA Purchases Mount Prospect Property At 585 Slawin Ct For $4.2M With John Abuja's Representation
585 Slawin Ct, Mount Prospect, IL, 60...
See Similar DealsOffice38,793 SF
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$108
Total Square Footage:38,793 SF
Transaction Type:Sale
The property asset involved in this transaction is a flex office building located at 585 Slawin Ct, Mount Prospect, IL. The building encompasses a total square footage of 38,793 and has been sold for $4,200,000. The property is situated in the Mount Prospect market and is fully leased to Siemens Real Estate, a division of Siemens Corp. It was constructed in 1987.
Summary of transaction details:
- Property Type: Flex Office Building
- Transaction Amount: $4,200,000.00
- Address: 585 Slawin Ct, Mount Prospect, IL
- Market: Mount Prospect
- Seller's Representative: John Abuja-Marcus & Millichap
- Buyer: FCA
- Seller: Undisclosed
John Abuja and Michael Lawrence of Marcus & Millichap represented the undisclosed seller in this transaction. The details regarding the buyer have not been disclosed.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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