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.
On the Map
$13,200,000
$121/SF
Industrial
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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