Updated Dec 21, 2023
LEV Capital Acquires Industrial Property In South Holland With Loan Terms Of $1.3M
15801 Van Drunen Road, Phoenix, Illinois 60473, United States
$1,312,500
$29/SF
Building Size
44,400 SF
Asset Type
Industrial
Closing
Jun 16, 2022
About this deal
AI
Located at 15801 Van Drunen Rd in South Holland, this industrial property spans a total area of 44,400 square feet. The transaction took place on 06/17/2022 and involved an acquisition loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,312,500
- Loan Type: Acquisition
- Loan Terms: 70% LTV, 4.75% Rate
The deal was facilitated by Yaakov Zar, Ethan Freilich, Don Pavlov, and Lizzy Schlesinger from LEV Capital.
The industrial loan at 15801 Van Drunen Road, Phoenix, Illinois 60473, United States in South Holland, Illinois financed for $1.3M in 2022. The building is 44,400 square feet, implying about 29 per square foot on the published price. Lizzy Schlesinger, Ethan Freilich, Donald (Don) Pavlov, Yaakov Zar appear on the loan alongside Lev. This page is the South Holland, Illinois file for the 15801 Van Drunen Road, Phoenix, Illinois 60473, United States industrial financed: pricing, party profiles, and other closed industrial comps from the same South Holland sit in the Market section below. Filter that South Holland industrial set by closing date to see what else financed near 15801 Van Drunen Road, Phoenix, Illinois 60473, United States around 2022. Published consideration for 15801 Van Drunen Road, Phoenix, Illinois 60473, United States is $1.3M, dated 2022. Cite this LEV Capital Acquires Industrial Property In South Holland With Loan Terms Of $1.3M loan when underwriting similar industrial product around South Holland, Illinois.
Players
South Holland Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit Lizzy Schlesinger to view all their deals.
Browse South Holland industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.09%
Cash-on-Cash
-3.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93