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1892 Techny Road

Core Acquisitions Purchases Industrial Building In Northbrook For $4.5M With Quantum Real Estate Advisors
SOLDIndustrial

Core Acquisitions Purchases Industrial Building In Northbrook For $4.5M With Quantum Real Estate Advisors

1892 Techny Road

$4,500,000

$80/SF

Building Size

56,219 SF

Asset Type

Industrial

Closing

Aug 18, 2025

AI

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

Brett Berlin

Quantum Real Estate Advisors

Broker

$55.2M

vol

12 deals

Broker
Quantum Real Estate Advisors
Quantum Real Estate AdvisorsBrokerage

Northbrook Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93