Newmark Acquires Office Portfolio In Lombard And Lisle, IL And Waukesha, WI For $45.15M
900 Parkview Boulevard, 2300 Cabot Drive & n19w24133 Riverwood Drive
$45,150,000
Building Size
—
Asset Type
Office
Closing
Dec 7, 2023
AI
The Midwest Capital Markets team at Newmark closed $45.15 million in office sales in November, completing four transactions across three assets. These deals included a $25.9 million sale of a five-building portfolio located at Woodlake Corporate Park in Lombard, Illinois. Additionally, there was a combined sale of 2300 Cabot Drive and One & Two Riverwood Place for $19.25 million.
Summary of transaction details
- Asset Type: Office
- Sale Price: $45,150,000
- Address: 900 Parkview Boulevard, 2300 Cabot Drive & n19w24133 Riverwood Drive
- Market: Lombard & Lisle, IL; Waukesha, WI
- Brokers: Derek Fohl, Jack Trager, Jim Postweiler & Peter Harwood - Newmark
Newmark's Midwest Capital Markets team facilitated these transactions, representing the sellers. The team comprised Derek Fohl, Jack Trager, Jim Postweiler, and Peter Harwood.
Players
Lombard 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93