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524 West Stephenson Street

Friedman Real Estate Brokers Sale Of 79000 SF Office Property At 524 W Stephenson In Freeport
SOLDOffice

Friedman Real Estate Brokers Sale Of 79000 SF Office Property At 524 W Stephenson In Freeport

524 West Stephenson Street

Building Size

79,000 SF

Asset Type

Office

Closing

Dec 15, 2025

AI

A ±79,000 square foot office property was sold at 524 West Stephenson Street in Freeport, IL. The transaction underscores the property’s role in the commercial real estate market within the Freeport area.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 79,000 SF
  • Address: 524 West Stephenson Street
  • Market: Freeport

Josh Miller, Steven Silverman, and Ryan Wilner from Friedman Real Estate were the brokers involved in this transaction, showcasing their capability in managing substantial commercial real estate deals.

Players

Steven Silverman

Friedman Real Estate

Broker

$4.8M

vol

4 deals

Broker
Friedman Real Estate
Friedman Real EstateBrokerage

Freeport 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