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8030 Lamon Avenue

Seth Singerman Of Singerman Real Estate Acquires Office Building In Skokie For $3.3M
SOLDOffice

Seth Singerman Of Singerman Real Estate Acquires Office Building In Skokie For $3.3M

8030 Lamon Avenue

$3,300,000

$24/SF

Building Size

135,851 SF

Asset Type

Office

Closing

Dec 9, 2024

AI

The property involved in this transaction is a vacant life sciences building located at 8030 Lamon Avenue in Skokie. The asset covers a total square footage of 135,851 and was sold for a price of $3,300,000, which translates to a price per square foot of $24.

Summary of transaction details:

This transaction reflects the engagement of Singerman Real Estate, led by Seth Singerman, purchasing the property from Joe Lubek of American Landmark Properties. The brokers involved in facilitating this deal were Bruce Miller, Jaime Fink, Patrick Shields, and Sam DiFrancesca from JLL.

Players

Jaime Fink

JLL

Broker

$1.1B

vol

19 deals

Broker

Skokie 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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93