Marcus & Millichap Sell Industrial Asset On 1437 Harmony Ct, Itasca For $1.7M
1437 Harmony Ct, Itasca, IL, 60143
$1,700,000
$108/SF
Building Size
15,700 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
Located at 1437 Harmony Court, Itasca, Illinois, the industrial property spans 15,700 square feet and was recently sold for $1,700,000. The property was one of three buildings put up for sale, all of which were vacant at the time of the closing. The transaction, brokered by Marcus & Millichap, closed at 99 percent of the list price. The seller, a New York-based corporation, enlisted the exclusive services of Tammy A. Saia and Tami Andrew from Marcus & Millichap's Chicago Oak Brook office to market the property.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,700,000.00
- Market: Itasca
- Seller's Rep: Tami Andrew(Marcus & Millichap), Tammy Saia(Marcus & Millichap)
- Buyer: Unknown
- SF: 15700
The buyer of the property, an owner and end user, successfully acquired the industrial asset. Multiple offers were received for the property, indicating a competitive market for this real estate transaction in Itasca. The seamless deal, facilitated by the dedicated professionals at Marcus & Millichap, highlights the attractiveness of the property to potential buyers despite being vacant at the time of sale.
Players
Itasca Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93