Updated Dec 4, 2024
Paclantic Naturals, LLC Acquires 1100 Carolina Drive Industrial For $4.3M
1100 Carolina Drive
$4,300,000
$89/SF
Building Size
48,130 SF
Asset Type
Industrial
Closing
Mar 7, 2024
About this deal
AI
The industrial property located at 1100 Carolina Drive in West Chicago was acquired by Paclantic Naturals, LLC for $4,300,000. The property spans 48,130 square feet and was sold at a rate of $89 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,300,000
- Address: 1100 Carolina Drive
- Market: West Chicago
- Buyer: Paclantic Naturals, LLC
- Brokers: Andrew Block & Michael Plumb - Lee & Associates
- SF: 48,130
- PPSF: $89
Andrew Block and Michael Plumb from Lee & Associates played key roles as the brokers representing the buyer, Paclantic Naturals, LLC, in the transaction.
Players
West Chicago Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93