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:
- Property Type: Office
- Transaction Amount: $6,800,000
- Loan Type: Acquisition
- Lender: Brett Forman, Ben Jacobson, Scott Mehlman, Ty Regnier, and Cam Fleury - Forman Capital
- Landlord: Mitch Goltz
- Broker: Dan Rosenberg - BWE
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
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