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TA Realty Acquires Industrial Portfolio In Illinois For $70M
SOLDIndustrial

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

Jeff Devine

Colliers

Broker

$696.3M

vol

11 deals

Broker
TA Realty
TA RealtyBuyer
Terry Fancher

Terry Fancher

Stockbridge

Seller

$1.8B

vol

19 deals

Seller

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