Dermody Properties Acquires Office Building In Glenview, IL For $232M
SOLD
$232,000,000
Illinois
See Similar DealsOffice3,235,020 SF
Sold 10/19/2022
SOLD
Dermody Properties Acquires Office Building In Glenview, IL For $232M
2775 Sanders Road, Northbrook, Illinois 60062, United States
See Similar DealsOffice3,235,020 SF
Sold 10/19/2022
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$71
Total Square Footage:3,235,020 SF
Transaction Type:Sale
The office property located at 2775 Sanders Road in Glenview, IL has been sold. The transaction took place on 10/19/2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $232,000,000
- Square Footage: 3,235,020 sqft
- Price per Square Foot: $72
- Address: 2775 Sanders Road, Glenview, IL
- Market: Glenview, IL
- Acres: 232
The buyer of the property is Dermody Properties, represented by Doug Kiersey.
NOTE: No additional information about the property or the transaction is available.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$12,373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$824,247.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,099,798.36
Annual Debt Service$13,197,580.33
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