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712 S. Milwaukee Avenue⁠

Quantum Real Estate Advisors, Inc Acquires Office Property In Libertyville For $3.4M
SOLDOffice

Quantum Real Estate Advisors, Inc Acquires Office Property In Libertyville For $3.4M

712 S. Milwaukee Avenue⁠

$3,400,000

$350/SF

Building Size

9,700 SF

Asset Type

Office

Closing

Dec 20, 2020

AI

The office property located at 712 S. Milwaukee Avenue in Libertyville was recently sold for $3,400,000. The transaction took place on December 21, 2020. The property spans 9,700 square feet, resulting in a price per square foot of $351. The sale was facilitated by Jason Lenhoff of Quantum Real Estate Advisors, Inc.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,400,000
  • Address: 712 S. Milwaukee Avenue
  • Market: Libertyville
  • Broker: Jason Lenhoff - Quantum Real Estate Advisors, Inc

Jason Lenhoff from Quantum Real Estate Advisors, Inc played a crucial role as the broker in this deal. Their expertise and negotiation skills contributed to the successful completion of the transaction.

Players

Jason Lenhoff

Broker

$37.8M

vol

9 deals

Broker

Libertyville 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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93