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143 W 154th St, South Holla...

Martin Produce Inc Sells Property At 143 W 154th St South Holland With Buyer's Rep Jordan Schnoll
SOLDIndustrial

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:

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

Jeff Locascio

Entre Commercial Realty

Broker

$4.1M

vol

3 deals

Broker

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