Updated Feb 16, 2024
Wells Fargo Provides $13.2M Loan For Woodridge Industrial Property
10216 Werch Drive, Woodridge, IL 60517, USA
$13,200,000
$89/SF
Building Size
148,012 SF
Asset Type
Industrial
Closing
Oct 28, 2021
About this deal
AI
An industrial property located at 10216 Werch Drive in Woodridge has been involved in a recent transaction. The property spans approximately 148,012 square feet and sits on a 12-acre lot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 10216 Werch Drive, Woodridge
- Market: Woodridge
The lender for this transaction was Wells Fargo. Unilev Capital, represented by Raymond Levy, Ian Konowitch, and Peter Berges, along with Nitin Chexal of Palladius Capital Management, acted as the landlord. The deal was facilitated by Jeff Sause and Brian Walsh of JLL Capital Markets.
The transaction involved a three-year, floating-rate loan for an acquisition.
On the Map
$13,200,000
$89/SF
Industrial
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Players
Woodridge Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93