Updated Dec 21, 2023
Peter Doughty Of Marcus & Millichap Sells Industrial Asset In Gurnee For $9.2M
1111 Lakeside Drive, Gurnee, Illinois 60031, United States
$9,200,000
$112/SF
Building Size
81,893 SF
Asset Type
Industrial
Closing
Jul 20, 2022
About this deal
AI
Industrial property located at 1111 Lakeside Drive in Gurnee was recently sold for a total price of $9,200,000. This property spans across 81,893 square feet, resulting in a price per square foot of $112. The transaction took place on 07/21/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,200,000
- Address: 1111 Lakeside Drive, Gurnee
- Market: Gurnee
- Square Footage: 81,893
- Price Per Square Foot: $112
Peter Doughty from Marcus & Millichap served as the broker in this property sale.
The industrial sale at 1111 Lakeside Drive, Gurnee, Illinois 60031, United States in Gurnee, Illinois sold for $9.2M in 2022. The building is 81,893 square feet, implying about 112 per square foot on the published price. Peter Doughty, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Gurnee, Illinois file for the 1111 Lakeside Drive, Gurnee, Illinois 60031, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Gurnee sit in the Market section below. Filter that Gurnee industrial set by closing date to see what else sold near 1111 Lakeside Drive, Gurnee, Illinois 60031, United States around 2022. Published consideration for 1111 Lakeside Drive, Gurnee, Illinois 60031, United States is $9.2M, dated 2022. Cite this Peter Doughty Of Marcus & Millichap Sells Industrial Asset In Gurnee For $9.2M sale when underwriting similar industrial product around Gurnee, Illinois.
Gurnee 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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93