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
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