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729 N Route 83, Bensenville...

Avison Young Acquires Office Property In Bensenville For $6.75M
SOLDOffice

Avison Young Acquires Office Property In Bensenville For $6.75M

729 N Route 83, Bensenville, IL 60106

$6,750,000

$101/SF

Building Size

66,853 SF

Asset Type

Office

Closing

Sep 20, 2022

AI

The property involved in this closed transaction is an office building located at 729-765 N. Route 83 in Bensenville. The transaction took place on September 21, 2022. The property spans a total of 66,853 square feet, with a price per square foot of $101. The sale price for this asset was $6,750,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $6,750,000
  • Date: 09/21/2022
  • Address: 729-765 N. Route 83, Bensenville
  • Market: Bensenville
  • SF: 66,853
  • PPSF: $101

The buyer's representative in this transaction was Avison Young, while the seller was represented by Peter Doughty and Brent Holder from Marcus & Millichap.

Players

Peter Doughty

Marcus & Millichap

Broker

$82.8M

vol

17 deals

Broker

Chicago 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

2.35%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93