Updated Oct 29, 2024
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Address: 1275 Karl Ct, Wauconda, IL, 60084
- Square Footage: 56,579
- Market: Wauconda
- Seller's Representative: Adam Marshall (Newmark), Boris Shraybman (Newmark Knight Frank)
- Buyer: One Liberty Properties
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.
On the Map
Industrial
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Players
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