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420 Wylie Drive

David A. Sharar Of Chestnut Health Systems Sells 30,421 SF Office Condo In Normal, Illinois
SOLDOffice

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

Meghan O’Neal-Rogozinski

AXIS 360 Commercial Real Estate Specialists

Broker

$11M

vol

8 deals

Broker
Coldwell Banker
Coldwell BankerBrokerage

Normal 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93