Martin Produce Inc Sells Property At 143 W 154th St South Holland With Buyer's Rep Jordan Schnoll
143 W 154th St, South Holland, IL, 60...
Building Size
44,000 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The property involved in this transaction is a 44,000-square-foot cold storage facility located at 143 W 154th St in South Holland, Illinois. This facility includes ample coolers and freezers, dry storage space, an 18-foot clear height, and three interior docks. The transaction was executed within the South Holland market.
Summary of transaction details:
- Property Type: Commercial real estate
- Transaction Amount: Undisclosed
- Address: 143 W 154th St, South Holland, IL
- Market: South Holland
- Buyer: Undisclosed
- Seller: Martin Produce Inc
- Buyer's Representative: Jordan Schnoll-Jameson Commercial
- Seller's Representatives: Jeffrey Locascio-Entre Commercial Realty LLC, Chris Wilbur-Entre Commercial Realty, Jeff Locascio-Entre Commercial Realty
The deal was facilitated by Entre Commercial Realty, with Chris Wilbur and Jeff Locascio, SIOR representing the seller, Martin Produce Inc. The buyer, who remains undisclosed, is also a wholesale food distributor, indicating the necessity of the existing infrastructure provided by the property.
Players
South Holland 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