Ken Wilber Of Wilber Group Acquires Office Building In Bloomington For $1.5M
421 Detrolt Drive
$1,500,000
$108/SF
Building Size
13,840 SF
Asset Type
Office
Closing
Jun 2, 2025
AI
An office building located at 421 Detroit Drive in Bloomington was sold for $1,500,000. This property has a total area of 13,840 square feet, translating to a price per square foot of $108.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,500,000
- Address: 421 Detroit Drive
- Market: Bloomington
- Square Footage: 13,840
- Price Per Square Foot: $108
- Buyer: Ken Wilber - Wilber Group
- Brokers: Laura Pritts & Meghan O’Neal-Rogozinski - AXIS 360 Commercial Real Estate Specialists
The transaction involved Ken Wilber, who represented Wilber Group, an insurance claims recovery firm. Laura Pritts and Meghan O’Neal-Rogozinski of AXIS 360 acted as brokers in the deal, with Pritts representing the seller and O’Neal-Rogozinski advising Wilber on the transaction.
Players
Bloomington 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93