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
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