SOLDOffice
TA Realty Acquires 26 Acre Office Property In Northbrook For $21M
4000 Commercial Avenue, Northbrook, Illinois 60062, United States
$21,000,000
$73/SF
Building Size
284,000 SF
Asset Type
Office
Closing
May 25, 2022
AI
An office property in Northbrook, located at 4000 Commercial Avenue, has been sold in a closed transaction.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $21,000,000
- Square Footage: 284,000
- Price per Square Foot: $74
- Address: 4000 Commercial Avenue, Northbrook
- Market: Northbrook
- Acres: 26
The buyer, TA Realty, was represented by James P. Raisides. The seller, Walgreens Boots Alliance, was represented by Rosalind Brewer.
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93