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
About this deal
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.
On the Map
$45,150,000
Office
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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