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:
- Property Type: Office
- Transaction Amount: $3,300,000
- Buyer: Seth Singerman - Singerman Real Estate
- Seller: Joe Lubek - American Landmark Properties
- Brokers: Bruce Miller, Jaime Fink, Patrick Shields & Sam DiFrancesca - JLL
- Market: Skokie
- Square Footage: 135,851
- Price Per Square Foot: $24
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
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