Updated Oct 28, 2024
TradeLane Properties LLC Sells Industrial Property In Itasca, Il To Unnamed Buyer For $13.2M
1500 Bryn Mawr Avenue, Itasca, IL, USA
$13,200,000
$121/SF
Building Size
108,357 SF
Asset Type
Industrial
Closing
Aug 1, 2021
About this deal
AI
The industrial property located at 1500 Bryn Mawr Ave. & 1251 Ardmore Ave. in Itasca, IL was recently sold for a total price of $13,200,000. The property spans over a total of 108,357 square feet and was sold at an average price per square foot of $122. The transaction took place on August 2, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,200,000
- Address: 1500 Bryn Mawr Ave. & 1251 Ardmore Ave.
- Market: Itasca, IL
The seller of the property was TradeLane Properties LLC. The deal was facilitated by brokers Patrick Sullivan, Ryan Chambers, and Jeff Janda from NAI Hiffman.
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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93