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1410 S 55th Ct, Cicero, IL,...

A.L.L. Masonry Construction Co. Purchases Cicero Property From FCA For $2.2 Million
SOLDIndustrial

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

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:

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.

Players

Vern Schultz

Colliers

Broker

$23.2M

vol

3 deals

Broker
FCA
FCASeller

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