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123 Easy St, Carol Stream, ...

NIC Solutions Acquires Industrial Property On Easy St In Carol Stream
SOLDIndustrial

NIC Solutions Acquires Industrial Property On Easy St In Carol Stream

123 Easy St, Carol Stream, IL, 60188

Building Size

10,000 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

An industrial property spanning 10,000 square feet located at 123 Easy St, Carol Stream, IL, 60188, was involved in a recent sale transaction in the Carol Stream market.

Summary of transaction details:

Matt Hanson from Brown Commercial Group played a dual role in representing both the seller and the buyer, NIC Solutions, in this transaction. The buyer, an architectural metal manufacturing company, is expanding its operations and moving to the new space in Carol Stream. The negotiation process involved discussions with the building's former tenant to finalize move-in and move-out dates that aligned with a tight schedule.

Players

Matthew Hanson

Brown Commercial Group

Broker

$3.1M

vol

11 deals

Broker

Carol Stream 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93