FINANCEDIndustrial
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
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.
Players
South Holland Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
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