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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: NIC Solutions
- Seller: Unknown
- Buyer's Representative: Matt Hanson (Brown Commercial Group)
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.
Carol Stream 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93