Marcus & Millichap Facilitates $1.56M Sale Of Industrial Property In Rolling Meadows, IL
1225 Carnegie Street, Rolling Meadows, Illinois 60008, United States
$1,560,000
$60/SF
Building Size
25,800 SF
Asset Type
Industrial
Closing
Oct 19, 2022
AI
An industrial property located at 1225 Carnegie Street in Rolling Meadows, IL has been sold in a transaction facilitated by Peter Doughty and Neil T. Bresnahan of Marcus & Millichap. The sale took place on October 20, 2022, with an agreed sale price of $1,560,000. The property spans 25,800 square feet, resulting in a price per square foot of $60.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,560,000
- Address: 1225 Carnegie Street, Rolling Meadows, IL
- Market: Rolling Meadows, IL
Peter Doughty and Neil T. Bresnahan, both of Marcus & Millichap, served as the brokers in this transaction.
Players
Rolling Meadows 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
10.17%
Cash-on-Cash
-2.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93