Updated Oct 28, 2024
TradeLane Properties Sells Industrial Property In Naperville For $Undisclosed Million With Buyer's Rep JLL And Seller's Rep Darwin Realty
1400 Shore Road, Naperville, Illinois 60563, United States
Building Size
70,340 SF
Asset Type
Industrial
Closing
Feb 21, 2022
About this deal
AI
TradeLane Properties has sold an industrial property in Naperville, located at 1400 & 1500 Shore Road. The property spans a total of 70,340 square feet. The transaction took place on 02/22/2022.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1400 & 1500 Shore Road
- Market: Naperville
- Square Footage: 70,340
JLL represented the buyer in the transaction, with Charlie Mintz and Kurt Kittner acting as the buyer's representatives. Additionally, Avison Young provided representation through Adam Haefner, Zeke Rowan, and Marty Mikaitis. On the seller's side, Darwin Realty was represented by Noel Liston and Nick Krejci.
On the Map
Industrial
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Players
Naperville 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