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SCHAUMBURG, IL-The sale of a one-story building in the Woodfield Business Center has set a local record by selling for $102 per sf. Schaumburg-based Finch & Barry Properties, Ltd. sold 1335–39 Basswood Dr., fully leased to three tenants, for $3.9 million.

The 38,033-sf property on nearly three acres was acquired in 2001 for $1.4 million and mortgaged in 2002 for slightly more than $2 million. An unidentified Chicago investor acquired the flex property.

“With short-term interest rates still at historically low levels, leveraged investors continue to pay premium prices, as evidenced by this sale,” says Trammell Crow Co. SVP Kenneth J. Szady, who represented Finch & Barry Properties.

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