Ashley Capital Acquires 183000 SF Office In Oak Brook From Värde Partners For $10M
2001 York Road
$10,000,000
$54/SF
Building Size
183,000 SF
Asset Type
Office
Closing
Apr 30, 2025
About this deal
AI
The office building located at 2001 York Road in Oak Brook has been involved in a sale transaction for $10,000,000. The asset encompasses 183,000 square feet, translating to a price per square foot of $55. The property is characterized as mostly vacant and was sold all-cash after being seized by the lender. This sale occurred 71% below its 2012 sale price.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,000,000
- Buyer: Paul Rubacha & Rick Morton - Ashley Capital
- Seller: Bradley Bauer - Värde Partners
- Square Footage: 183,000
- Price per Square Foot: $55
Paul Rubacha and Rick Morton from Ashley Capital executed the acquisition, marking their first office purchase in the Chicago area. The property was previously owned by Bradley Bauer of Värde Partners, who defaulted on a $29.8 million loan, leading to the lender seizing the property.
On the Map
$10,000,000
$54/SF
Office
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Players
Oak Brook 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93