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2809 Butterfield Road

Mitch Goltz Secures $6.8 Million Acquisition Loan For Office At 2809 Butterfield Road
FINANCEDOffice

Mitch Goltz Secures $6.8 Million Acquisition Loan For Office At 2809 Butterfield Road

2809 Butterfield Road

$6,800,000

$22/SF

Building Size

308,921 SF

Asset Type

Office

Closing

Jun 26, 2025

AI

The property involved in this transaction is an office asset located at 2809 Butterfield Road in Oak Brook, comprising a total square footage of 308,921. The loan amount for this acquisition is set at $6,800,000.

Summary of transaction details:

The key individuals involved in this deal include Mitch Goltz as the landlord and Dan Rosenberg representing the broker side of the transaction. Forman Capital represents the lending side with Brett Forman, Ben Jacobson, Scott Mehlman, Ty Regnier, and Cam Fleury playing significant roles in financing the acquisition.

Players

Dan Rosenberg

Bellwether Enterprise (BWE)

Broker

$55.9M

vol

3 deals

Broker
Bellwether Enterprise (BWE)
Bellwether Enterprise (BWE)Brokerage
Ben Jacobson

Ben Jacobson

Forman Capital

Lender

$232M

vol

7 deals

Lender
Forman Capital
Forman CapitalLender

Mitch Goltz

Landlord

$108.8M

vol

7 deals

Landlord

Oak Brook Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93