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2001 Spring Road

Inspira Financial Renews 51,000 SF Office Lease At Commerce Plaza In Oak Brook
LEASEDOffice

Inspira Financial Renews 51,000 SF Office Lease At Commerce Plaza In Oak Brook

2001 Spring Road

Building Size

51,000 SF

Asset Type

Office

Closing

Feb 5, 2024

AI

Inspira Financial, a health and benefits services provider, has renewed its lease for a 51,000-square-foot office space at Commerce Plaza in Oak Brook. The Class A office campus, located at 2001 Spring Road, will undergo modernization as Inspira plans to upgrade its space.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Not provided
  • Address: 2001 Spring Road, Oak Brook
  • Market: Oak Brook
  • Asset Type: Office
  • Square Footage: 51,000

The lease agreement was facilitated by CBRE's Jon Springer and Gary Fazzio, who represented Inspira Financial in the transaction.

Players

Jonathan Springer

CBRE

Broker

10 deals

Broker

Oak Brook Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93