JD3 Property Secures $7M Loan For 87,000 SF Industrial Property In Cicero
FINANCED
$7,000,000
Illinois
See Similar DealsIndustrial87,000 SF
Financed 12/20/2020
FINANCED
JD3 Property Secures $7M Loan For 87,000 SF Industrial Property In Cicero
1331 S. 55th Court, Cicero, IL 60804
See Similar DealsIndustrial87,000 SF
Financed 12/20/2020
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$80
Total Square Footage:87,000 SF
Transaction Type:Loan
The industrial property located at 1331 S. 55th Court in Cicero has recently undergone a closed transaction. The property spans an area of 87,000 square feet and consists of 997 units. The landlord of the property is JD3 Property.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Loan Amount: $7,000,000
- Loan Terms: 36-month
The deal was facilitated by brokers Prabhat Jayara and Heather Madsen from Mag Mile Capital. They represented the buyer and seller in the transaction. The loan amount for the deal was set at $7,000,000 with a loan term of 36 months.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,000,000.00
Monthly NOI$46,666.67
Monthly Debt Service$44,244.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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