Dermody Properties Acquires Office Building In Glenview, IL For $232M
2775 Sanders Road, Northbrook, Illinois 60062, United States
$232,000,000
$71/SF
Building Size
3,235,020 SF
Asset Type
Office
Closing
Oct 18, 2022
About this deal
AI
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.
The office sale at 2775 Sanders Road, Northbrook, Illinois 60062, United States in Northbrook, Illinois sold for $232M in 2022. The building is 3,235,020 square feet, implying about 71 per square foot on the published price. Dermody Properties appears on the sale alongside Dermody Properties. This page is the Northbrook, Illinois file for the 2775 Sanders Road, Northbrook, Illinois 60062, United States office sold: pricing, party profiles, and other closed office comps from the same Northbrook sit in the Market section below. Filter that Northbrook office set by closing date to see what else sold near 2775 Sanders Road, Northbrook, Illinois 60062, United States around 2022. Published consideration for 2775 Sanders Road, Northbrook, Illinois 60062, United States is $232M, dated 2022. Cite this Dermody Properties Acquires Office Building In Glenview, IL For $232M sale when underwriting similar office product around Northbrook, Illinois.
Players
Northbrook Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Dermody Properties to view all their deals.
Browse Illinois office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93