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585 Slawin Ct, Mount Prospe...

FCA Purchases Mount Prospect Property At 585 Slawin Ct For $4.2M With John Abuja's Representation
SOLDOffice

FCA Purchases Mount Prospect Property At 585 Slawin Ct For $4.2M With John Abuja's Representation

585 Slawin Ct, Mount Prospect, IL, 60...

$4,200,000

$108/SF

Building Size

38,793 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

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.

Players

John Abuja

Marcus & Millichap

Broker

$7.2M

vol

3 deals

Broker
FCA
FCABuyer

Mount Prospect 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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93