Accurate Perforating Co Acquires Commercial Property In Cicero From Matt Garland
4620 19th St, Cicero, IL, 60804
Building Size
130,000 SF
Asset Type
Commercial
Closing
Nov 20, 2023
AI
The sale of a 130,000-square-foot manufacturing facility in Cicero, IL, has been arranged by Cawley Chicago. The property, located at 4620 W. 19th St, spans more than three acres. The seller, a private individual who ran a business at the site for 31 years, was represented by Frank Melchert and Matt Garland of Cawley Chicago. Accurate Perforating Co, a local business and metal fabricator, acquired the property, although the transaction amount remains undisclosed.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Undisclosed
- Address: 4620 19th St, Cicero, IL, 60804
- Market: Cicero
- Seller's Rep: Matt Garland (Cawley Chicago)
- Buyer: Accurate Perforating Co
- SF: 130,000
The seller, a private individual with three decades of business operations at the property, entrusted the sale to Cawley Chicago's Frank Melchert and Matt Garland. On the buyer's side, Accurate Perforating Co, a metal fabricator, saw value in the manufacturing facility's offerings. The acquisition marks a transition of ownership, ensuring the property's future utility in the hands of a new organization.
Players
Cicero Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93