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
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