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545 E Algonquin Rd, Arlingt...

Crystal Acquisitions Purchases Property From Alex Brown Realty For $11.4 Million At 545 E Algonquin Rd
SOLD

Crystal Acquisitions Purchases Property From Alex Brown Realty For $11.4 Million At 545 E Algonquin Rd

545 E Algonquin Rd, Arlington Heights...

$11,400,000

$102/SF

Building Size

111,667 SF

Asset Type

Closing

Nov 19, 2023

AI

The property asset involved in this transaction is located at 545 E Algonquin Rd, Arlington Heights. The sale price for this property is $11,400,000.00, and it encompasses a total area of 111,667 square feet.

Summary of transaction details:

  • Property Type: Not specified
  • Transaction Amount: $11,400,000.00
  • Address: 545 E Algonquin Rd, Arlington Heights
  • Seller: Alex Brown Realty
  • Buyer: Crystal Acquisitions
  • Seller's Representative: Craig Tomlinson, John Zimmerman-Compass

This transaction involves the participation of seller's representatives, Craig Tomlinson and John Zimmerman from Compass, who facilitated the deal between the seller, Alex Brown Realty, and the buyer, Crystal Acquisitions.

Players

Craig Tomlinson

Broker

$38M

vol

4 deals

Broker

Alex Brown

Realty

Seller

$51.1M

vol

3 deals

Seller

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.39%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93