Stan Johnson Company Brokers Sell Itasca Office Building For $20.6M
870 North Arlington Heights Road, Itasca, IL, USA
$20,600,000
$412/SF
Building Size
50,000 SF
Asset Type
Office
Closing
Nov 9, 2020
AI
Located at 870 N. Arlington Heights Road in Itasca, this office property was recently sold for a price of $20,600,000. The transaction, which took place on 11/10/2020, involved a total square footage of 50,000. With a price per square foot of $412, this sale marks a significant transaction in the Itasca market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $20,600,000
- Address: 870 N. Arlington Heights Road
- Market: Itasca
The sale of this office property was facilitated by John Zimmerman and Craig Tomlinson of Stan Johnson Company (SJC). As brokers representing the parties involved in the deal, Zimmerman and Tomlinson played a key role in ensuring a successful transaction. Their expertise and knowledge of the market contributed to the sale of this property.
Players
Itasca Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93