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9501 Technology Boulevard, ...

KORE Investments Sells Office Building In Rosemont, IL For $13M
SOLDOffice

KORE Investments Sells Office Building In Rosemont, IL For $13M

9501 Technology Boulevard, Rosemont, Illinois 60018, United States

$13,000,000

$107/SF

Building Size

121,000 SF

Asset Type

Office

Closing

Oct 26, 2022

AI

Located at 9501 Technology Boulevard in Rosemont, IL, this office property was recently sold in a transaction facilitated by KORE Investments. The sale took place on 10/27/2022 and the property was purchased for a total price of $13,000,000. The building offers a total of 121,000 square feet of space, resulting in a price per square foot of $107.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $13,000,000
  • Address: 9501 Technology Boulevard, Rosemont, IL
  • Square Footage: 121,000
  • Price per Square Foot: $107

Representing the buyer in this deal was Marc Offit from Braden Real Estate, while the seller, Kelli Lind, was represented by Jon Connor and Francis Prock from Colliers.

Players

Marc Offit

Braden Real Estate

Broker

$13M

vol

1 deal

Broker
KI
KORE InvestmentsSeller

Chicago 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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93