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
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.
Gurnee 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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93