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
About this deal
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.
The office sale at 4000 Commercial Avenue, Northbrook, Illinois 60062, United States in Northbrook, Illinois sold for $21M in 2022. The building is 284,000 square feet, implying about 73 per square foot on the published price. Named participants on the 4000 Commercial Avenue, Northbrook, Illinois 60062, United States sale are Rosalind Brewer, James P. Raisides. This page is the Northbrook, Illinois file for the 4000 Commercial Avenue, 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 4000 Commercial Avenue, Northbrook, Illinois 60062, United States around 2022. Published consideration for 4000 Commercial Avenue, Northbrook, Illinois 60062, United States is $21M, dated 2022. Cite this TA Realty Acquires 26 Acre Office Property In Northbrook For $21M sale when underwriting similar office product around Northbrook, Illinois.
On the Map
$21,000,000
$73/SF
Office
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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