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Core Acquisitions Purchases Industrial Building In Northbrook For $4.5M With Quantum Real Estate Advisors
SOLD
$4,500,000
Illinois
See Similar DealsIndustrial56,219 SF
Sold 08/18/2025
SOLD
Core Acquisitions Purchases Industrial Building In Northbrook For $4.5M With Quantum Real Estate Advisors
1892 Techny Road
See Similar DealsIndustrial56,219 SF
Sold 08/18/2025
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$80
Total Square Footage:56,219 SF
Transaction Type:Sale
The transaction involves a 56,219 square foot flex industrial building located at 1828-1892 Techny Court in Northbrook. The sale price for the property was $4,500,000, and it was 82% leased at the time of closing.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Sale Date: August 18, 2025
- Buyer: Core Acquisitions
- Brokers: Brett Berlin & Max Himel - Quantum Real Estate Advisors
- Square Footage: 56,219
- Price Per Square Foot: $80
Brett Berlin and Max Himel of Quantum Real Estate Advisors represented a private local seller in this transaction, facilitating the sale to Core Acquisitions.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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