Angel M. Traub Buys 634 S Arthur Ave Office Building In Arlington Heights
634 S Arthur Ave, Arlington Heights, I...
Building Size
4,750 SF
Asset Type
Mixed-use
Closing
Nov 22, 2023
AI
The property involved in the transaction is a 4,750-square-foot, single-tenant office building located at 634 S. Arthur Avenue in Arlington Heights, Illinois. The seller, Hollenberg Property Management, LLC, was represented by Chicagoland Commercial Real Estate, Inc. The buyer, Angel M. Traub, was represented by Troy Golden from Golden Group Real Estate.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Buyer: Angel M. Traub
- Buyer's Rep: Troy Golden (Golden Group Real Estate)
- Seller: Hollenberg Property Management, LLC
- Seller's Rep: Randy Olczyk (Chicagoland Commercial Real Estate), Ray Okigawa (Chicagoland Commercial Real Estate)
- Address: 634 S Arthur Ave, Arlington Heights, Illinois
- SF: 4750
In this deal, the seller's representatives, Randy Olczyk and Ray Okigawa of Chicagoland Commercial Real Estate, Inc., played a crucial role in the sale of the office building. On the buyer's side, Angel M. Traub was advised by Troy Golden of Golden Group Real Estate. The exact financial terms of the transaction were not publicly disclosed.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93