Updated Oct 29, 2024
JD3 Property Secures $7M Loan For 87,000 SF Industrial Property In Cicero
1331 S. 55th Court, Cicero, IL 60804
$7,000,000
$80/SF
Building Size
87,000 SF
Asset Type
Industrial
Closing
Dec 20, 2020
About this deal
AI
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.
On the Map
$7,000,000
$80/SF
Industrial
View full map
Players
Cicero Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit Prabhat Jayara to view all their deals.
Browse Illinois industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93