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1275 Karl Ct, Wauconda, IL,...

One Liberty Properties Acquires Property At 1275 Karl Ct Wauconda With Seller's Representatives Adam Marshall And Boris Shraybman
SOLDIndustrial

One Liberty Properties Acquires Property At 1275 Karl Ct Wauconda With Seller's Representatives Adam Marshall And Boris Shraybman

1275 Karl Ct, Wauconda, IL, 60084

Building Size

56,579 SF

Asset Type

Industrial

Closing

Jun 26, 2019

AI

The property asset involved in this transaction is located at 1275 Karl Ct, Wauconda, IL, 60084. It is a 56,579-square-foot high cube distribution facility within the Wauconda market. The facility was sold fully leased to ECHO Incorporated, which is a developer and manufacturer of professional-grade handheld outdoor power equipment.

Summary of transation details:

The transaction was facilitated by senior managing director Adam Marshall, SIOR, CCIM, and managing director Boris Shraybman from NKF’s Chicago capital markets team. Prior to the sale, NKF represented the owner in securing a full-building lease to ECHO Incorporated. Nick Walby of Entre Commercial Realty LLC represented ECHO Incorporated during the lease negotiations.

Players

Adam Marshall

Newmark

Broker

6 deals

Broker

Wauconda 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