facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Industrial

/

Sale

/

1125 Sycamore Road, Manteno...

Provender Partners Acquires Industrial Asset In Manteno, IL For $30M
SOLDIndustrial

Provender Partners Acquires Industrial Asset In Manteno, IL For $30M

1125 Sycamore Road, Manteno, IL, USA

$30,000,000

$52/SF

Building Size

570,028 SF

Asset Type

Industrial

Closing

Oct 22, 2021

AI

The industrial property located at 1125 Sycamore Road in Manteno, Il has been sold for a total of $30,000,000. The property spans across 570,028 square feet, resulting in a price per square foot of $53. The sale transaction took place on October 22, 2021.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $30,000,000
  • Address: 1125 Sycamore Road, Manteno, Il
  • Square Footage: 570,028
  • Price per Square Foot: $53
  • Market: Manteno, Il

The buyer in this transaction was Provender Partners, represented by Neil A. Johnson. The seller of the property was Cardinal Industrial. The deal was facilitated by CBRE, serving as the broker for the transaction.

Players

Neil A. Johnson

Provender Partners

Buyer

$56M

vol

2 deals

Buyer

Manteno 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

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93