Updated Oct 13, 2026
Wahid Properties LLC Purchases Industrial Warehouse From Liberty Partners For $1.9M In Addison
1460 Jeffrey Drive
$1,900,000
$122/SF
Building Size
15,524 SF
Asset Type
Industrial
Closing
Aug 27, 2025
About this deal
AI
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.
On the Map
$1,900,000
$122/SF
Industrial
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Players
Addison 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93