SOLDOffice
Chad M. Firsel Sells Flossmoor Office Building For $4M
19615 Governors Highway, Flossmoor, IL, USA
$4,000,000
$424/SF
Building Size
9,426 SF
Asset Type
Office
Closing
Nov 22, 2020
AI
An office property located at 19615 Governors Highway in Flossmoor has been sold for $4,000,000. The property spans 9,426 square feet, resulting in a price per square foot of $424.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,000,000
- Square Footage: 9,426
- Price Per Square Foot: $424
- Address: 19615 Governors Highway, Flossmoor
- Market: Flossmoor
The sale was facilitated by Chad M. Firsel from Quantum Real Estate Advisors, Inc.
Flossmoor Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93