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.
Manteno 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93