Updated Dec 12, 2024
High Street Logistics Properties Acquires Industrial Property In Itasca For $36M
1455 West Thorndale Avenue, Itasca, Illinois 60143, United States
$36,000,000
$142/SF
Building Size
252,000 SF
Asset Type
Industrial
Closing
Aug 23, 2022
About this deal
AI
The industrial property located at 1455 West Thorndale Avenue in Itasca has been sold. The property spans across 252,000 square feet and was purchased for a total of $36,000,000. The sale price per square foot was $143. The transaction took place on August 24, 2022. The buyer of the property was High Street Logistics Properties, while the seller was Top-Line Furniture. The deal was facilitated by brokers Pat Sullivan and Eric Tresslar from NAI Hiffman.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $36,000,000
- Address: 1455 West Thorndale Avenue
- Market: Itasca
- Buyer: High Street Logistics Properties
- Seller: Top-Line Furniture
- Brokers: Pat Sullivan & Eric Tresslar - NAI Hiffman
- Square Footage: 252,000
- Price per Square Foot: $143
Pat Sullivan and Eric Tresslar from NAI Hiffman played pivotal roles as the brokers in this transaction. Their expertise and negotiation skills were instrumental in facilitating the successful sale of the industrial property.
Players
Itasca 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93