Skokie, Illinois tech center, a multi-tenanted business center, is priced phenomenally well now at a $9 cap, plus the seller is offering a small carry-back
the purchase price per seller of $18,900,000 plus the buyer paid a 4% real estate commission...POF needed
3501 Howard street
Skokie, illinois 60076
OFFERING SUMMARY
New Sale Price:
$18,900,000 (Seller to offer $2M Seller financing)
Bank Financing:
Approved loan for $12,250,000 at 6.50% IR
(non-recourse)
Seller Financing:
Up to $2M (24 months). Seller MUST be in first position only
Lot Size:
8.32 Acres
Building Size:
182,272 SF
NOI:
$1,684,165
Cap Rate:
9%
PROPERTY HIGHLIGHTS
* Divisible to 2000-25,000 SF
* Completely renovated
* An abundance of extra parking
* 12’6” - 20’6” Ceiling Clearance
* 10,000A / 480V Heavy Duty Power
* Loading Docks: 5 Interior, 5 Exterior
* Tenants have a long rental history with owner
