Cawley Chicago Vice President Ryan Freed recently completed the sale of a 7,800 square foot free-standing office building in Naperville, Illinois. The building sold for $1,677,000 which is $215 per square foot.
“This sale came down to the adage, ‘location, location, location.’ 651 Amersale Drive was not on the market, however, the buyer had a location-driven requirement that lead to one of the highest price per square foot sales for a stand-alone office building in the last five years,” Freed said.
Leibel Moscowitz of Vandon Forbes represented the buyer, Chabad of Naperville, while Freed represented the seller, American Sale, in this transaction.
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