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
Chicago 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93