TradeLane Properties LLC Sells Industrial Property In Itasca, Il To Unnamed Buyer For $13.2M
SOLD
$13,200,000
Illinois
See Similar DealsIndustrial108,357 SF
Sold 08/02/2021
SOLD
TradeLane Properties LLC Sells Industrial Property In Itasca, Il To Unnamed Buyer For $13.2M
1500 Bryn Mawr Avenue, Itasca, IL, USA
See Similar DealsIndustrial108,357 SF
Sold 08/02/2021
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$121
Total Square Footage:108,357 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$703,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,896.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,574.73
Annual Debt Service$750,896.81
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