BLDG Management Sells Office Leasehold At 1250 Techny Road Northbrook For $31.26M
1250 Techny Road
$31,258,000
$186/SF
Building Size
167,843 SF
Asset Type
Office
Closing
Jul 22, 2026
About this deal
AI
The asset involved in the transaction is a leasehold office property located at 1250 Techny Road in Northbrook. The property sold for a price of $31,258,000, encompassing a total of 167,843 square feet, resulting in a price per square foot of $186.
Summary of transaction details:
- Property Type: Office Leasehold
- Transaction Amount: $31,258,000
- Address: 1250 Techny Road
- Market: Northbrook
- Size (SF): 167,843
- Price Per Square Foot (PPSF): $186
- Seller: BLDG Management
- Brokers: Jeff Fishman - Newmark; Jeffrey Thomas - Thomas Company Net Lease
This transaction involved the representation of the seller by BLDG Management, with Jeff Fishman of Newmark and Jeffrey Thomas of Thomas Company Net Lease serving as brokers in the deal.
Players
Northbrook Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93