Phoenix Investors Acquires Industrial Property From KST Properties In Freeport For $5.61M
SOLD
$5,610,000
Illinois
See Similar DealsIndustrial488,000 SF
Sold 10/25/2023
SOLD
Phoenix Investors Acquires Industrial Property From KST Properties In Freeport For $5.61M
1555 Il Route 75 E
See Similar DealsIndustrial488,000 SF
Sold 10/25/2023
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$11
Total Square Footage:488,000 SF
Lot Square Footage:1219680 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 1555 Il Route 75 E in Freeport. This industrial asset has a total square footage of 488,000 and was sold for $5,610,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,610,000.00
- Address: 1555 Il Route 75 E
- Market: Freeport
- Buyer: Phoenix Investors
- Seller: KST Properties
- Square Footage: 488,000.0
In this transaction, the buyer, Phoenix Investors, acquired the property from KST Properties. The specific roles of the involved parties in facilitating the deal were essential to its completion, although specific broker representatives are not mentioned in the context provided.
Players
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$299,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,931.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,594.26
Annual Debt Service$319,131.15
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