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
About this deal
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
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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