Updated Oct 29, 2024
A.L.L. Masonry Construction Co. Purchases Cicero Property From FCA For $2.2 Million
1410 S 55th Ct, Cicero, IL, 60804
$2,200,000
$25/SF
Building Size
86,670 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is an industrial asset located at 1410 S 55th Ct, Cicero, IL, valued at $2,200,000.00. It spans a total area of 86,670 square feet and is situated on 5.5 acres. The property includes two industrial buildings, equipped with six drive-in doors, three rail entry points, railcar storage capabilities, and outdoor storage.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,200,000.00
- Address: 1410 S 55th Ct, Cicero, IL, 60804
- Market: Cicero
- Seller: FCA
- Buyer: A.L.L. Masonry Construction Co.
- Seller's Representative: Brian Wabick - LM Commercial
- Buyer's Representatives: Peter Bourke and Vern Schultz - Colliers International
LM Commercial Real Estate facilitated the transaction, with Mike Merry and Brian Wabick representing the seller in the deal. The buyer, A.L.L. Masonry Construction Co., was represented by Peter Bourke and Vern Schultz from Colliers International, highlighting the collaborative effort between the involved parties to successfully conclude the sale.
On the Map
$2,200,000
$25/SF
Industrial
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Players
Cicero 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93