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4620 19th St, Cicero, IL, 6...

Accurate Perforating Co Acquires Commercial Property In Cicero From Matt Garland
SOLDCommercial

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

Matt Garland

Cawley Chicago

Broker

9 deals

Broker
AC
Accurate Perforating CoBuyer

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