Updated Mar 11, 2025
Mag Mile Capital Provides $1.15M Loan For Industrial Property In Skokie
5115 Church Street, Skokie, Illinois 60077, United States
$1,150,000
$37/SF
Building Size
30,500 SF
Asset Type
Industrial
Closing
May 8, 2022
About this deal
AI
Located at 5115 Church Street in Skokie, this industrial property spans a total of 30,500 square feet. The asset type is industrial, making it suitable for various commercial and business purposes.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,150,000
- Address: 5115 Church Street, Skokie
- Market: Skokie
- Loan Amount: $1,150,000
- Lender: Mag Mile Capital - Cody Harper
- Loan Terms: 3.95% fixed interest rate, ten-year loan term, and fifteen-year amortization schedule
The loan for this transaction was provided by Mag Mile Capital, with Cody Harper representing the lending agency. The loan amount was $1,150,000, and it comes with favorable terms, including a fixed interest rate of 3.95%, a ten-year loan term, and a fifteen-year amortization schedule. These terms provide stability and affordability for the borrower.
Players
Skokie 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93