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Wahid Properties LLC Purchases Industrial Warehouse From Liberty Partners For $1.9M In Addison
SOLD
$1,900,000
Illinois
See Similar DealsIndustrial15,524 SF
Sold 08/27/2025
SOLD
Wahid Properties LLC Purchases Industrial Warehouse From Liberty Partners For $1.9M In Addison
1460 Jeffrey Drive
See Similar DealsIndustrial15,524 SF
Sold 08/27/2025
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$122
Total Square Footage:15,524 SF
Transaction Type:Sale
A 15,524-square-foot warehouse located at 1460 Jeffrey Drive in Addison, Illinois, was sold for $1,900,000. The industrial asset is situated in a market that showcases diverse real estate opportunities and was acquired by Wahid Properties LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,900,000
- Square Footage: 15,524
- Address: 1460 Jeffrey Drive
- Market: Addison
- Buyer: Wahid Properties LLC
- Seller: Liberty Partners
- Brokers: Jay Farnam & Peter Spear - Lee & Associates
Jay Farnam and Peter Spear of Lee & Associates represented Wahid Properties LLC in the acquisition, while Liberty Partners was represented by Transwestern in the sale transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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