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National India Hub Foundation Acquires Schaumburg Office Building For $3.52M

Property Image
SOLD
$3,520,000
Ryan Freed
Tony Russo

Illinois

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Office106,380 SF
Sold 10/26/2023
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Property Image
SOLD

National India Hub Foundation Acquires Schaumburg Office Building For $3.52M

930 National Parkway

See Similar Deals
Office106,380 SF
Sold 10/26/2023
Ryan Freed
Tony Russo
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$33
Total Square Footage:106,380 SF
Transaction Type:Sale

An office building located at 930 National Parkway in Schaumburg, IL, has been sold for $3,520,000. The property spans 106,380 square feet, with a price per square foot of $33. The sale was facilitated by Lee & Associates on behalf of Somoha, LLC. The buyer in this transaction is the National India Hub Foundation, a national Indian-American organization.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,520,000
  • SF: 106,380
  • PPSF: $33
  • Address: 930 National Parkway, Schaumburg, IL
  • Market: Schaumburg

Ryan Freed and Tony Russo of Lee & Associates served as the brokers in this deal. The National India Hub Foundation plans to transform the property into a community center, offering amenities such as a charity clinic, conference rooms, and indoor sports facilities.

Players

Ryan Freed
Lee & Associates
Ryan Freed
2 deals$3.5M volume
BROKER
Tony Russo
Lee & Associates
Tony Russo
5 deals$3.5M volume
BROKER

Details

SOLD
IMAGE: Tony Russo & Ryan Freed DATE: 10/26/2023 ADDRESS: 930 National Parkway MARKET: Schaumburg ASSET TYPE: Office BUYER: National India Hub Foundation SELLER: Somoha, LLC BROKERS: Ryan Freed & Tony Russo - Lee & Associates (@LeeAssociatesRE) SALE PRICE: $3,520,000 SF: 106,380 ~ PPSF: $33 NOTE: Lee & Associates facilitated the $3.52 million sale of a 106,380-square-foot office building in Schaumburg, IL, to the National India Hub Foundation, a national Indian-American organization. The foundation plans to transform the property into a community center with various amenities, including a charity clinic, conference rooms, and indoor sports facilities.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,505.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,686.60
Annual Debt Service$200,239.15