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
About this deal
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.
The office sale at 19615 Governors Highway, Flossmoor, IL, USA in Flossmoor, Illinois sold for $4M in 2020. The building is 9,426 square feet, implying about 424 per square foot on the published price. Chad Firsel, Quantum Real Estate Advisors appear on the sale alongside Quantum Real Estate Advisors. This page is the Flossmoor, Illinois file for the 19615 Governors Highway, Flossmoor, IL, USA office sold: pricing, party profiles, and other closed office comps from the same Flossmoor sit in the Market section below. Filter that Flossmoor office set by closing date to see what else sold near 19615 Governors Highway, Flossmoor, IL, USA around 2020. Published consideration for 19615 Governors Highway, Flossmoor, IL, USA is $4M, dated 2020. Cite this Chad M. Firsel Sells Flossmoor Office Building For $4M sale when underwriting similar office product around Flossmoor, Illinois.
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