Updated Oct 29, 2024
Midwest AutoBody Acquires Industrial Property In Melrose Park From Seller SignCo
1327 N 31st Ave, Melrose Park, IL, 60...
Building Size
6,900 SF
Asset Type
Industrial
Closing
Nov 22, 2023
About this deal
AI
Industrial property located at 1327 N 31st Ave, Melrose Park, IL was recently sold in a transaction. The property spans 6,900 square feet and was acquired by Midwest AutoBody. The seller, SignCo, was represented by Ryan Kehoe from Lee & Associates.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Market: Melrose Park
- Seller's Representative: Ryan Kehoe (Lee & Associates)
- Buyer: Midwest AutoBody
- Seller: SignCo
- SF: 6900
Ryan Kehoe, a senior vice president at Lee & Associates, facilitated the transaction, representing the seller SignCo in the sale of the industrial property. Additionally, Keller Williams assisted in representing the buyer, Midwest AutoBody, in the acquisition.
On the Map
Industrial
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Players
Melrose Park 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