Updated Dec 21, 2023
Industrial Property In Northbrook, IL Sells For $8.9M
3501 Woodhead Drive, Northbrook, IL 60062
$8,900,000
$76/SF
Building Size
116,800 SF
Asset Type
Industrial
Closing
Aug 10, 2020
About this deal
AI
An industrial property located at 3411 Woodhead Drive in Northbrook, IL has been sold for a price of $8,900,000. The property spans 117,000 square feet, resulting in a price per square foot of $76. Situated on 1.8 acres, the property has a price per acre of $4,944,444.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,900,000
- Square Footage: 117,000
- Price per Square Foot: $76
- Address: 3411 Woodhead Drive
- Market: Northbrook, IL
- Acres: 1.8
- Price per Acre: $4,944,444
Randy Blankstein and Jimmy Goodman from The Boulder Group were the brokers involved in the transaction.
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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93