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10600 Belmont Avenue, Frank...

LBA Logistics Acquires Industrial Property In Franklin Park For $30.3M
SOLDIndustrial

LBA Logistics Acquires Industrial Property In Franklin Park For $30.3M

10600 Belmont Avenue, Franklin Park, Illinois 60131, United States

$30,300,000

$140/SF

Building Size

215,000 SF

Asset Type

Industrial

Closing

Sep 20, 2022

AI

10600 West Belmont Avenue in Franklin Park has been sold in a recent transaction for $30,300,000. The industrial property spans 215,000 square feet, resulting in a price per square foot of $141. The sale was facilitated by Jeff Devine of Colliers, representing the buyer LBA Logistics, and Donald E. Huffner Jr. of James Campbell Company, representing the seller.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $30,300,000
  • Address: 10600 West Belmont Avenue, Franklin Park
  • Market: Franklin Park
  • Buyer: LBA Logistics
  • Seller: James Campbell Company - Donald E. Huffner Jr.
  • Broker: Jeff Devine - Colliers
  • Square Footage: 215,000
  • Price Per Square Foot: $141

This transaction showcases the successful collaboration between LBA Logistics, represented by Jeff Devine of Colliers, and James Campbell Company, represented by Donald E. Huffner Jr. These key individuals played pivotal roles in the successful sale of this industrial property at 10600 West Belmont Avenue in Franklin Park.

Players

Jeff Devine

Colliers

Broker

$696.3M

vol

12 deals

Broker
LBA Logistics
LBA LogisticsBuyer
James Campbell Company
James Campbell CompanySeller

Franklin Park Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.52%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93