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2211 Sanders Road

Orion Office Sells Northbrook Office Building For $2.5M With Buyers Rep Alissa Adler & John Homsher - Colliers
SOLDOffice

Orion Office Sells Northbrook Office Building For $2.5M With Buyers Rep Alissa Adler & John Homsher - Colliers

2211 Sanders Road

$2,500,000

$12/SF

Building Size

197,300 SF

Asset Type

Office

Closing

Apr 1, 2023

AI

The office building located at 2211 Sanders Road in Northbrook has been sold. The property, which spans 197,300 square feet, was sold for a total price of $2,500,000, resulting in a price per square foot of $13. The sale took place on January 4, 2023.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $2,500,000
  • Address: 2211 Sanders Road
  • Market: Northbrook
  • Square Footage: 197,300

The seller, Orion Office, was represented by Paul H. McDowell. The brokers involved in the transaction were Alissa Adler and John Homsher from Colliers. These individuals played crucial roles in facilitating the sale of the office property.

Players

Alissa Adler

Colliers

Broker

$23.6M

vol

4 deals

Broker
Paul H. McDowell

Paul H. McDowell

Seller

$15.6M

vol

2 deals

Seller

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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93