Avison Young Acquires Office Property In Bensenville For $6.75M
SOLD
$6,750,000
Illinois
See Similar DealsOffice66,853 SF
Sold 09/21/2022
SOLD
Avison Young Acquires Office Property In Bensenville For $6.75M
729 N Route 83, Bensenville, IL 60106
See Similar DealsOffice66,853 SF
Sold 09/21/2022
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$101
Total Square Footage:66,853 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$360,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,981.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,998.44
Annual Debt Service$383,981.32
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