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421 Detrolt Drive

Ken Wilber Of Wilber Group Acquires Office Building In Bloomington For $1.5M
SOLDOffice

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

Meghan O’Neal-Rogozinski

AXIS 360 Commercial Real Estate Specialists

Broker

$11M

vol

8 deals

Broker

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