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
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