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
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