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
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