TA Realty Acquires Industrial Portfolio In Illinois For $70M
SOLD
$70,000,000
+ 1
Chicago
See Similar DealsIndustrial
Sold 12/15/2022
SOLD
TA Realty Acquires Industrial Portfolio In Illinois For $70M
Illinois
See Similar DealsIndustrial
Sold 12/15/2022
+ 1
Summary
Asset Type:Industrial
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,733,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$248,695.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$331,835.71
Annual Debt Service$3,982,028.55
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