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16750 Vincennes Avenue

Whalley Capital Group Acquires Industrial Property In Chicago For $5.5M
FINANCEDIndustrial

Whalley Capital Group Acquires Industrial Property In Chicago For $5.5M

16750 Vincennes Avenue

$5,500,000

$26/SF

Building Size

206,000 SF

Asset Type

Industrial

Closing

Oct 7, 2021

AI

A 206,000 square foot industrial property located at 16750 Vincennes Rd in Chicago has been involved in a recent closed transaction. The property was acquired by an undisclosed buyer. The deal was facilitated by Elliott Kunstlinger of the Meridian Capital Group. The property is owned by Whalley Capital Group, represented by Stephen Gorodetsky.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,500,000
  • Loan Type: Acquisition Loan
  • Lender: LMF Capital - Daniel Gillman
  • Landlord: Whalley Capital Group - Stephen Gorodetsky
  • Brokers: Elliott Kunstlinger - Meridian Capital Group

Daniel Gillman from LMF Capital served as the lender for the acquisition loan. Whalley Capital Group, headed by Stephen Gorodetsky, acted as the landlord in this deal. Besides Elliott Kunstlinger's involvement as the broker from Meridian Capital Group, no further details regarding the buyer or tenant's representative were provided in the context.

Players

Elliott Kunstlinger

Meridian Capital Group

Broker

$358.1M

vol

10 deals

Broker
LMF Commercial
LMF CommercialBrokerage
LMF Commercial
LMF CommercialLender

Stephen Gorodetsky

Landlord

$176M

vol

4 deals

Landlord

Chicago 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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93