TA Realty Acquires Industrial Portfolio In Illinois For $70M
Illinois
$70,000,000
Building Size
—
Asset Type
Industrial
Closing
Dec 15, 2022
AI
An industrial portfolio in Illinois has been sold for $70,000,000. The property, located at an undisclosed address, is an industrial asset. The transaction took place on 12/15/2022, with Sol Raso & Terry Fancher representing the seller, Stockbridge. The buyer is TA Realty. Jeff Devine & Steve Disse, from Colliers, acted as brokers in the deal.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $70,000,000
- Address: Industrial Portfolio
- Market: Illinois
- Seller: Stockbridge - Sol Raso & Terry Fancher
- Buyer: TA Realty
- Brokers: Jeff Devine & Steve Disse - Colliers
The sale of the industrial portfolio involved key individuals and companies. Sol Raso & Terry Fancher represented the seller, Stockbridge, while TA Realty acted as the buyer. The deal was facilitated by brokers Jeff Devine & Steve Disse from Colliers.
Players
Lincoln Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93