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19615 Governors Highway, Fl...

Chad M. Firsel Sells Flossmoor Office Building For $4M
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.

Players

Chad Firsel

Quantum Real Estate Advisors

Broker

$62.1M

vol

10 deals

Broker

Flossmoor 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93