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Edmund Cheng And Hiew Yoon Khong Of Mapletree Investments Acquire Development Site In Joliet
SOLD
Illinois
See Similar DealsDevelopment Site
Sold
SOLD
Edmund Cheng And Hiew Yoon Khong Of Mapletree Investments Acquire Development Site In Joliet
23551 South Vetter Road
See Similar DealsDevelopment Site
Sold
Summary
ILLINOIS
Asset Type:Development Site
Transaction Type:Sale
A development site located at 23551 South Vetter Road in Joliet, IL, was sold. The site spans 18.11 acres and features a building square footage of 276,000. It is strategically positioned near the I-80/I-55 interchange and the Joliet Intermodal Center.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Building Square Footage: 276,000
- Acres: 18.11
- Address: 23551 South Vetter Road
- Market: Joliet
- Buyer: Edmund Cheng & Hiew Yoon Khong - Mapletree Investments
- Broker: Sean Henrick - Cushman & Wakefield
Mapletree Investments acquired the site to develop a logistics facility, contributing to their expanding portfolio in the United States, which includes developments in Chicago, New Jersey, and Florida.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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