David A. Sharar Of Chestnut Health Systems Sells 30,421 SF Office Condo In Normal, Illinois
420 Wylie Drive
Building Size
30,421 SF
Asset Type
Office
Closing
Feb 12, 2025
AI
The transaction involved the sale of a 30,421-square-foot office condominium located at 420 Wylie Drive in Normal, Illinois. The property was previously occupied by Chestnut Health Systems’ research division.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Un disclosed
- Address: 420 Wylie Drive
- Market: Normal
- Seller: David A. Sharar - Chestnut Health Systems
- Buyer's identity: Un disclosed
- Brokers: Meghan O’Neal-Rogozinski & Michael O’Neal - AXIS 360 Commercial Real Estate Specialists
AXIS 360 arranged the sale, with the Lighthouse Institute of Chestnut Health Systems planning to relocate to its headquarters in Bloomington, Illinois. The buyer's identity and the final sale price remain undisclosed.
Players
Normal Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93