Quantum Real Estate Advisors, Inc Acquires Office Property In Libertyville For $3.4M
SOLD
$3,400,000
Illinois
See Similar DealsOffice9,700 SF
Sold 12/21/2020
SOLD
Quantum Real Estate Advisors, Inc Acquires Office Property In Libertyville For $3.4M
712 S. Milwaukee Avenue
See Similar DealsOffice9,700 SF
Sold 12/21/2020
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$350
Total Square Footage:9,700 SF
Transaction Type:Sale
The office property located at 712 S. Milwaukee Avenue in Libertyville was recently sold for $3,400,000. The transaction took place on December 21, 2020. The property spans 9,700 square feet, resulting in a price per square foot of $351. The sale was facilitated by Jason Lenhoff of Quantum Real Estate Advisors, Inc.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,400,000
- Address: 712 S. Milwaukee Avenue
- Market: Libertyville
- Broker: Jason Lenhoff - Quantum Real Estate Advisors, Inc
Jason Lenhoff from Quantum Real Estate Advisors, Inc played a crucial role as the broker in this deal. Their expertise and negotiation skills contributed to the successful completion of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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